Baxter International Inc (BAX)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		12.80	12.76	14.84	13.87	16.22	14.18	10.60	10.40	9.26	7.90	7.63	7.23	6.93	—	—	—	6.95	—	—	—
Number of days of payables	days	28.51	28.61	24.59	26.32	22.51	25.74	34.44	35.11	39.42	46.21	47.84	50.46	52.68	—	—	—	52.53	—	—	—

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.80
= 28.51

Baxter International Inc.'s number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the company had 46.04 days of payables, slightly higher than the previous quarter's 45.88 days. This suggests that the company took slightly longer to pay its suppliers in Q4 2023.

Comparing the latest quarter to the same period last year, Q4 2023's number of days of payables (46.04 days) is higher than Q4 2022's figure of 42.79 days. This indicates that Baxter International Inc. took longer to settle its payables in Q4 2023 than it did a year ago.

Overall, Baxter International Inc.'s number of days of payables has shown a generally stable trend with some fluctuations. However, it is essential to monitor this ratio over time to assess the company's efficiency in managing its payables and its relationships with suppliers.