Quest Diagnostics Incorporated (DGX)
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 | 16.40 | — | — | — | 19.91 | — | — | — | 18.43 | — | — | — | 13.01 | — | — | — | 19.15 | — | — | — | |
| Number of days of payables | days | 22.26 | — | — | — | 18.33 | — | — | — | 19.81 | — | — | — | 28.05 | — | — | — | 19.06 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.40
= 22.26
Based on the data provided, Quest Diagnostics, Inc. had an average number of days of payables of 22.26 days in Q4 2023 and 18.33 days in Q4 2022. The number of days of payables represents the number of days it takes for the company to pay its suppliers and creditors.
Quest Diagnostics, Inc. appears to have increased its number of days of payables from Q4 2022 to Q4 2023. This suggests that the company may be taking longer to pay its suppliers compared to the previous period. A higher number of days of payables can indicate that the company is effectively using its working capital by delaying payments, which could be a strategic move to improve cash flows and liquidity.
However, it's important to note that this analysis is based on a single data point and would benefit from additional historical data and industry comparisons for a more comprehensive assessment of Quest Diagnostics, Inc.'s payables management.
Peer comparison
Dec 31, 2023