Hims Hers Health Inc (HIMS)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 303,379 | 234,342 | 190,063 | 168,782 | 157,051 | 149,356 | 140,348 | 128,981 | 118,194 | 105,929 | 94,847 | 81,875 | 67,384 | 54,357 | 45,103 | 41,930 | 39,307 | 29,977 | 20,380 | 10,155 |
| Payables | US$ in thousands | 91,180 | 75,444 | 57,099 | 43,919 | 43,070 | 42,001 | 38,267 | 37,609 | 32,363 | 32,972 | 27,093 | 23,906 | 19,640 | 16,094 | 15,564 | 13,233 | 8,066 | 25 | 22 | 75 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $303,379K ÷ $91,180K
= 3.33
The payables turnover ratio of Hims Hers Health Inc has shown fluctuations over the past few years. It increased significantly from March 2020 to September 2020, indicating a more efficient management of payables during that period. However, the ratio then decreased significantly by the end of December 2020, suggesting a potential slowdown in payables turnover.
From March 2021 to June 2022, the payables turnover ratio remained relatively stable within a narrow range, indicating a consistent level of efficiency in managing payables during this period. However, there was a slight increase in the ratio from June 2022 to March 2024, suggesting a slight improvement in managing payables efficiency.
Overall, the payables turnover ratio of Hims Hers Health Inc has remained within a moderate range, indicating a reasonable level of effectiveness in managing payables over the analyzed period. It is essential to continue monitoring this ratio to ensure efficient management of payables and optimize working capital management.
Peer comparison
Dec 31, 2024