Hims Hers Health Inc (HIMS)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.33 | 3.65 | 3.65 | 3.43 | 4.87 | |
| Number of days of payables | days | 109.70 | 100.10 | 99.94 | 106.38 | 74.90 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.33
= 109.70
The number of days of payables for Hims Hers Health Inc has shown a gradual increase over the years based on the provided data. Starting at 74.90 days as of December 31, 2020, the number increased to 106.38 days by December 31, 2021, indicating a lengthening of the company's payables cycle.
Subsequently, by December 31, 2022, the number decreased slightly to 99.94 days but remained elevated compared to the initial period. The trend continued with small fluctuations, as the number stood at 100.10 days by December 31, 2023, and further increased to 109.70 days by December 31, 2024.
Overall, the trend in the number of days of payables suggests that the company is taking longer to settle its payables over the years, which may have implications for its working capital management and relationships with suppliers.
Peer comparison
Dec 31, 2024