Cardinal Health Inc (CAH)
Number of days of payables
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.18 | 6.91 | 6.62 | 6.44 | 6.57 | |
| Number of days of payables | days | 59.09 | 52.83 | 55.15 | 56.64 | 55.56 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.18
= 59.09
The number of days of payables for Cardinal Health Inc. has exhibited variability over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, on June 30, 2021, the company’s payables period was approximately 55.56 days. This period experienced a slight increase by June 30, 2022, reaching approximately 56.64 days, indicating a marginal extension in the time taken to settle trade payables.
By June 30, 2023, the payables period slightly decreased to approximately 55.15 days, suggesting an incremental effort to shorten the payment cycle. The trend continued downward to about 52.83 days by June 30, 2024, reflecting a trend toward faster payment to suppliers. However, by June 30, 2025, the payables period increased again to roughly 59.09 days, representing the longest duration within the analyzed timeframe and indicating a potential extension in the company’s payment cycle.
Overall, the data reveals no consistent upward or downward trend but rather fluctuations in the days of payables. The short-term trend from 2023 to 2024 shows a reduction in payment days, suggesting an improved payables management or cash flow strategy. Conversely, the increase observed in 2025 could imply changed supplier relations, negotiation terms, cash management policies, or other strategic shifts. These fluctuations reflect the company’s evolving approach to managing its payables over the analyzed period.
Peer comparison
Jun 30, 2025