Hologic Inc (HOLX)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.60 | 11.18 | 10.81 | 9.54 | 9.10 | 9.44 | 8.84 | 8.58 | 9.36 | 8.51 | 8.46 | 7.34 | 8.47 | 8.66 | 13.75 | 13.40 | 17.92 | 11.78 | 12.21 | 11.82 | |
| Number of days of payables | days | 34.44 | 32.64 | 33.76 | 38.25 | 40.10 | 38.69 | 41.28 | 42.53 | 39.01 | 42.91 | 43.14 | 49.70 | 43.07 | 42.13 | 26.55 | 27.24 | 20.37 | 30.99 | 29.88 | 30.87 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.60
= 34.44
The number of days of payables for Hologic Inc has fluctuated over the past few years, indicating variations in the company's payment practices to its suppliers. In the most recent period of December 31, 2023, the company took, on average, approximately 34.44 days to pay its payables, which shows a slight improvement compared to the previous quarter. This suggests the company may be managing its payables more efficiently.
Looking further back, the trend reveals that Hologic Inc has generally been able to extend its payment periods over time, with some fluctuations. However, compared to the same period in previous years, the number of days of payables in December 31, 2023, is relatively low, indicating the company may be paying its suppliers more promptly.
Overall, a lower number of days of payables implies that the company is paying its suppliers more quickly, which could be beneficial in terms of maintaining good relationships with vendors. However, it's important for the company to strike a balance between early payments and managing its cash flow effectively.
Peer comparison
Dec 31, 2023