Boston Scientific Corp (BSX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.18 | 11.00 | 11.68 | 16.90 | 14.69 | |
| Number of days of payables | days | 32.63 | 33.18 | 31.26 | 21.59 | 24.84 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.18
= 32.63
The number of days of payables for Boston Scientific Corp. has shown a slight decrease from 79.53 days in 2022 to 79.13 days in 2023. This indicates that the company takes approximately 79 days to pay its suppliers for goods and services purchased on credit.
However, compared to the previous years, the number of days of payables has been relatively stable, with a notable increase from 54.04 days in 2020 to 63.49 days in 2019, followed by a more consistent trend in the range of high 70 days.
A higher number of days of payables may suggest that the company is taking longer to settle its outstanding liabilities, potentially indicating a need to manage its cash flow more efficiently. Conversely, a lower number of days of payables may indicate a more aggressive approach to paying off supplier debts promptly.
Overall, monitoring the number of days of payables can provide insight into Boston Scientific Corp.'s liquidity and efficiency in managing its accounts payable.
Peer comparison
Dec 31, 2023