Balchem Corporation (BCPC)

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		11.18	12.69	11.59	12.43	11.55	8.85	9.16	12.52	9.88	13.99	11.44	14.44	20.21	20.06	20.06	18.77	11.60	11.77	14.77	16.61
Number of days of payables	days	32.65	28.77	31.48	29.37	31.61	41.25	39.83	29.15	36.93	26.10	31.91	25.28	18.06	18.19	18.20	19.45	31.46	31.01	24.71	21.98

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.18
= 32.65

Based on the historical data provided for Balchem Corp.'s number of days of payables, there has been some variation in the average number of days the company takes to pay its creditors. The number of days of payables has ranged from a low of 28.77 days in Q3 2023 to a high of 41.25 days in Q3 2022.

In the most recent quarter, Q4 2023, Balchem Corp. took approximately 32.65 days on average to pay its payables, which is slightly higher than the previous quarter's figure of 28.77 days. This increase may indicate that the company is taking slightly longer to pay its suppliers compared to the previous quarter.

On a year-over-year basis, the number of days of payables has fluctuated, with some quarters showing higher figures compared to others. It is important to further analyze the reasons behind these fluctuations in order to understand the company's payment practices, cash flow management, and relationships with suppliers.

Overall, monitoring the number of days of payables can provide insights into Balchem Corp.'s liquidity management and vendor payment strategies.