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.
Peer comparison
Mar 31, 2024