CVS Health Corp (CVS)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 27.75 | 26.48 | 23.26 | 24.57 | 25.04 | |
| Number of days of payables | days | 13.15 | 13.79 | 15.70 | 14.85 | 14.58 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 27.75
= 13.15
To analyze CVS Health Corp's number of days of payables over the years, we observe a trend of fluctuations in this metric. From December 31, 2020, where the number of days of payables was 14.58 days, there was a slight increase to 14.85 days by December 31, 2021. This increase continued into the following year, with the number of days of payables rising to 15.70 days by December 31, 2022.
However, in the subsequent years, there was a decline in the number of days of payables. By December 31, 2023, the metric decreased to 13.79 days, further dropping to 13.15 days by December 31, 2024.
Overall, despite minor fluctuations, the number of days of payables for CVS Health Corp has generally remained relatively stable over the years, suggesting efficient management of payables and consistent payment practices.
Peer comparison
Dec 31, 2024