CVS Health Corp (CVS)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 24.24 | 31.93 | 30.72 | 28.52 | 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 | |
| Number of days of payables | days | 15.05 | 11.43 | 11.88 | 12.80 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 24.24
= 15.05
The number of days of payables for CVS Health Corp has fluctuated over the period from March 31, 2020, to December 31, 2024. The average number of days of payables during this period was approximately 14.14 days.
The trend shows a slight increase from around 13.79 days on March 31, 2020, to a peak of 16.14 days on September 30, 2021. Subsequently, there was a slight dip to 15.05 days by December 31, 2024. Overall, CVS Health Corp generally takes around 14 to 15 days to pay its payables, indicating a consistent approach to managing its payment obligations. The decreasing trend towards the end of the period may suggest more efficient management of payables, possibly through negotiations with suppliers or streamlining payment processes.
It is crucial to monitor this ratio over time to assess the company's liquidity position and its ability to manage its working capital effectively. Additionally, comparing this metric with industry benchmarks can provide insight into CVS Health Corp's efficiency in managing its payables relative to its peers.
Peer comparison
Dec 31, 2024
See also:
CVS Health Corp Average Payables Payment Period (Quarterly Data)