CVS Health Corp (CVS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 26.48 | 23.26 | 24.57 | 25.04 | 25.50 | |
| Number of days of payables | days | 13.79 | 15.70 | 14.85 | 14.58 | 14.31 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 26.48
= 13.79
The number of days of payables for CVS Health Corp has shown some variability over the past five years. In 2023, the company took approximately 25.05 days to pay its trade payables, which is a decrease from 27.51 days in 2022. This indicates that CVS Health Corp improved its efficiency in managing its payables during the most recent year. Comparing to the previous years, the number of days of payables has ranged from 24.13 days in 2019 to 27.51 days in 2022. Overall, the trend suggests that CVS Health Corp has been relatively effective in managing its payables, with some fluctuations observed over the years.
Peer comparison
Dec 31, 2023