Haemonetics Corporation (HAE)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 16.02 | 16.03 | 16.06 | 16.99 | 19.24 | |
| Number of days of payables | days | 22.78 | 22.78 | 22.72 | 21.48 | 18.97 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.02
= 22.78
Haemonetics Corporation's number of days of payables has shown a relatively stable trend over the past five years, ranging from 18.97 days to 22.78 days. This indicates that the company takes approximately 19 to 23 days on average to pay its suppliers. The consistency in this metric suggests effective management of the company's accounts payable process. However, the slight increase in the number of days of payables between 2021 and 2024 may warrant further investigation to understand the underlying factors influencing this trend. Overall, Haemonetics Corporation's ability to manage its payables efficiently reflects positively on its working capital management.
Peer comparison
Mar 31, 2024