Hims Hers Health Inc (HIMS)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.33 | 3.11 | 3.33 | 3.84 | 3.65 | 3.56 | 3.67 | 3.43 | 3.65 | 3.21 | 3.50 | 3.42 | 3.43 | 3.38 | 2.90 | 3.17 | 4.87 | 1,199.08 | 926.36 | 135.40 | |
| Number of days of payables | days | 109.70 | 117.51 | 109.65 | 94.98 | 100.10 | 102.64 | 99.52 | 106.43 | 99.94 | 113.61 | 104.26 | 106.57 | 106.38 | 108.07 | 125.95 | 115.19 | 74.90 | 0.30 | 0.39 | 2.70 |
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 fluctuated over the reported periods. It decreased from 2.70 days on March 31, 2020, to a low of 0.30 days on September 30, 2020. However, there was a significant increase in the number of days of payables to 74.90 days by December 31, 2020, suggesting that the company took longer to pay its creditors.
Subsequently, there was a substantial spike in the number of days of payables to 115.19 days on March 31, 2021, and peaked at 125.95 days on June 30, 2021. This indicates a potential liquidity issue or strained relations with suppliers.
The number of days of payables gradually decreased in the following periods but remained elevated, ranging from 99.52 days to 117.51 days up to September 30, 2024. The company's ability to manage its payables effectively may be crucial in improving its cash flow and overall financial health.
Peer comparison
Dec 31, 2024