CVS Health Corp (CVS)
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 | 26.50 | 24.09 | 26.65 | 28.05 | 23.26 | 23.39 | 24.05 | 24.55 | 24.57 | 22.61 | 25.58 | 25.86 | 25.04 | 23.31 | 27.40 | 26.46 | 25.50 | 18.69 | 19.15 | 21.17 | |
| Number of days of payables | days | 13.77 | 15.15 | 13.69 | 13.01 | 15.70 | 15.61 | 15.18 | 14.87 | 14.85 | 16.14 | 14.27 | 14.11 | 14.58 | 15.66 | 13.32 | 13.79 | 14.31 | 19.53 | 19.06 | 17.24 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 26.50
= 13.77
The number of days of payables for CVS Health Corp has shown fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 25.05, slightly lower than in Q3 2023 (25.68 days). This indicates that the company took fewer days to pay its suppliers in Q4 2023 compared to the previous quarter.
Looking at the trend over the past year, the number of days of payables has decreased since Q2 2023. This suggests that CVS Health Corp has been managing its payables more efficiently, taking fewer days to pay its suppliers. The lowest number of days of payables was recorded in Q1 2023 at 22.54 days, indicating that the company was more efficient in managing its payables during that period.
However, it is important to note that the number of days of payables has been somewhat volatile, with some fluctuations quarter to quarter. It will be necessary to continue monitoring this ratio to assess the company's ability to manage its payables effectively and maintain a healthy cash flow position.
Peer comparison
Dec 31, 2023
See also:
CVS Health Corp Average Payables Payment Period (Quarterly Data)