Haemonetics Corporation (HAE)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Payables turnover		15.55	19.18	13.13	13.09	15.57	15.28	15.27	15.57	15.65	17.74	19.73	17.45	16.13	18.87	17.30	18.39	18.99	18.46	16.51	15.49
Number of days of payables	days	23.47	19.03	27.80	27.89	23.44	23.89	23.90	23.44	23.33	20.58	18.50	20.92	22.63	19.34	21.10	19.84	19.22	19.77	22.11	23.56

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.55
= 23.47

The number of days of payables for Haemonetics Corporation has shown some fluctuations over the past several quarters. The company's payables turnover has ranged from around 18 to 28 days. In the most recent quarter, as of March 31, 2024, the number of days of payables stood at 23.47 days.

A lower number of days of payables typically indicates that the company is taking longer to pay its suppliers, which may have implications for cash flow management and supplier relationships. On the other hand, a higher number of days of payables suggests that the company is taking fewer days to settle its payables, potentially improving cash conversion cycles and liquidity.

It is important to further analyze the trend in the number of days of payables over time to understand the company's payment practices and their impact on working capital management. Additionally, comparing this metric to industry benchmarks can provide insights into Haemonetics Corporation's efficiency in managing its payables.