Cardinal Health Inc (CAH)
Number of days of payables
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.91 | 6.64 | 6.10 | 6.44 | 6.62 | 6.49 | 6.20 | 6.36 | 6.44 | 6.87 | 6.65 | 6.86 | 6.57 | 6.61 | 6.43 | 6.81 | 6.83 | 6.67 | 6.66 | 7.14 | |
| Number of days of payables | days | 52.83 | 54.94 | 59.85 | 56.67 | 55.15 | 56.27 | 58.89 | 57.36 | 56.64 | 53.16 | 54.86 | 53.18 | 55.56 | 55.21 | 56.73 | 53.58 | 53.42 | 54.72 | 54.84 | 51.13 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.91
= 52.83
The number of days of payables for Cardinal Health Inc has shown some fluctuations over the past few quarters. As of June 30, 2024, the company takes approximately 52.83 days to pay its accounts payable, which is slightly lower compared to the previous quarter's figure of 54.94 days.
Looking at the trend over the past few quarters, the number of days of payables has been hovering around the high 50s to low 50s range, indicating that the company generally takes around 50-60 days to settle its payables. This suggests that Cardinal Health Inc has been managing its payables efficiently, neither delaying payments significantly nor settling them too quickly.
It is important for investors and analysts to monitor this metric as a lower number of days of payables may indicate liquidity issues or strained relationships with suppliers, while a higher number may suggest inefficiencies in managing working capital. In Cardinal Health Inc's case, the trend suggests a balanced approach to managing payables to maintain healthy supplier relationships and optimize cash flow.
Peer comparison
Jun 30, 2024