Bio-Rad Laboratories Inc (BIO)
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 | 14.09 | 18.71 | 14.13 | 12.99 | 15.12 | 14.74 | 13.35 | 13.31 | 15.49 | 15.48 | 15.47 | 14.26 | 13.16 | 14.29 | — | — | 17.79 | — | — | — | |
| Number of days of payables | days | 25.90 | 19.51 | 25.83 | 28.10 | 24.14 | 24.76 | 27.34 | 27.43 | 23.57 | 23.57 | 23.60 | 25.60 | 27.73 | 25.55 | — | — | 20.51 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.09
= 25.90
Bio-Rad Laboratories Inc.'s number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the company had 42.42 days of payables, which was an increase compared to the previous quarter's 32.26 days. This suggests that Bio-Rad Laboratories took longer to pay its suppliers in Q4 2023.
Comparing the most recent quarter to the same quarter in the previous year, the number of days of payables in Q4 2023 (42.42 days) was also higher than in Q4 2022 (39.91 days). This indicates a potential trend of increasing the length of time the company takes to settle its payables.
Overall, Bio-Rad Laboratories Inc.'s number of days of payables has been relatively stable around the 40-47 days range over the past two years, with some quarter-to-quarter variations. It will be important to monitor this ratio in the future to assess the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023