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.