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.