Boston Scientific Corp (BSX)
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 | 11.19 | 10.94 | 11.17 | 11.22 | 11.00 | 12.00 | 12.96 | 13.48 | 11.67 | 13.46 | 13.14 | 13.95 | 16.90 | 18.83 | 20.12 | 13.75 | 14.69 | 14.95 | 14.08 | 14.59 | |
Number of days of payables | days | 32.63 | 33.35 | 32.68 | 32.52 | 33.18 | 30.41 | 28.17 | 27.07 | 31.27 | 27.11 | 27.77 | 26.16 | 21.59 | 19.39 | 18.14 | 26.54 | 24.84 | 24.42 | 25.92 | 25.02 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.19
= 32.63
The number of days of payables for Boston Scientific Corp. has been relatively stable over the past eight quarters. In Q4 2023, it stood at 79.13 days, which is slightly lower compared to the prior quarter but remains in line with historical trends. This metric indicates that, on average, the company takes approximately 79 days to pay off its suppliers and creditors.
The company's ability to manage its payables effectively can have implications for its liquidity and working capital management. A consistent number of days of payables suggests that Boston Scientific Corp. has been maintaining a balanced approach in managing its payment obligations. However, fluctuations in this ratio over time may warrant further investigation to understand any underlying changes in the company's operations or financial position.
Overall, the number of days of payables for Boston Scientific Corp. appears to be within a reasonable range, reflecting a typical payment behavior for the company relative to its suppliers. This metric can provide insights into the company's financial health and efficiency in managing its cash flow and supplier relationships.
Peer comparison
Dec 31, 2023
See also:
Boston Scientific Corp Average Payables Payment Period (Quarterly Data)