Hologic Inc (HOLX)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.84 | 11.18 | 9.44 | 8.51 | 8.66 | |
| Number of days of payables | days | 41.27 | 32.64 | 38.68 | 42.91 | 42.13 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.84
= 41.27
Hologic Inc's number of days of payables, which measures how long, on average, the company takes to pay its suppliers, has varied over the past five years. In 2024, the number of days of payables increased to 41.27 days from 32.64 days in 2023, indicating that the company took longer to pay its suppliers compared to the previous year. However, this figure was lower than in 2021 and 2020, when it was 42.91 days and 42.13 days, respectively. In 2022, the number of days of payables was 38.68 days, showing a slight increase compared to 2023.
Overall, an increase in the number of days of payables can suggest that Hologic Inc may be taking longer to settle its payments to suppliers, which could potentially signal liquidity constraints or changes in the company's payment policies. Further analysis of the company's financial position and cash flow dynamics would be necessary to fully evaluate the implications of the changes in this ratio over the years.
Peer comparison
Sep 30, 2024