Bio-Rad Laboratories Inc (BIO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.60 | 15.61 | 15.96 | 13.89 | 17.79 | |
| Number of days of payables | days | 25.00 | 23.39 | 22.87 | 26.27 | 20.51 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.60
= 25.00
The number of days of payables for Bio-Rad Laboratories Inc. has been relatively stable over the past five years, ranging from 37.04 days in 2019 to 45.95 days in 2020. In 2023, the number of days of payables decreased slightly to 42.42 days compared to the previous year, indicating that the company is taking slightly fewer days to pay its suppliers. This could suggest effective management of working capital and good relationships with suppliers. However, it's important to monitor this ratio in conjunction with other liquidity and efficiency metrics to assess the overall financial health of the company.
Peer comparison
Dec 31, 2023