Hims Hers Health Inc (HIMS)

Number of days of payables

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 3.11 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 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

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.11
= 117.51

Based on the data provided, Hims Hers Health Inc's number of days of payables has shown some fluctuations over time. The number of days of payables represents the average number of days it takes the company to pay its suppliers for goods or services received.

The trend in the number of days of payables indicates that the company takes, on average, around 100 days to pay its suppliers. There have been instances where the number of days of payables has been higher, indicating a longer time taken to settle payables. For example, in September 2021 and September 2024, the number of days of payables exceeded 110 days, suggesting a slower payment cycle during those periods.

On the other hand, there are also instances where the number of days of payables has been relatively lower, such as in March 2021 and December 2020, where the number of days was around 75 days and even close to 0 days. This could indicate a faster payment cycle during those periods.

Overall, it is essential for Hims Hers Health Inc to manage its payables effectively to maintain healthy relationships with suppliers while also optimizing its cash flow. A consistent and efficient payment cycle helps in sustaining good supplier relationships and ensuring the company's financial stability.