Hims Hers Health Inc (HIMS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.65 | 3.65 | 3.43 | 4.87 | 2,108.50 | |
| Number of days of payables | days | 100.10 | 99.94 | 106.38 | 74.90 | 0.17 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.65
= 100.10
The number of days of payables for Hims Hers Health Inc has fluctuated over the past five years, as shown in the table. In 2023, the company took an average of approximately 100.10 days to pay its payables, a slight increase from the previous year's 99.94 days. This indicates that the company's payment cycle has remained relatively stable.
Compared to 2021 when the number of days of payables was 106.38 days, the company has been more efficient in managing its payables in 2022 and 2023. However, in 2020, the number of days of payables was notably lower at 74.90 days, suggesting that the company was more prompt in paying its obligations that year.
It is worth noting that in 2019, the number of days of payables was significantly low at 0.17 days, indicating a highly efficient payment cycle that year. The company may have been able to negotiate favorable payment terms or had efficient cash flow management strategies in place during that period.
Overall, the trend in the number of days of payables for Hims Hers Health Inc reflects variations in the company's ability to manage its accounts payable effectively over the years, which can impact its liquidity and financial health.