Hologic Inc (HOLX)
Number of days of payables
| Sep 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.84 | 9.79 | 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 | |
| Number of days of payables | days | 41.27 | 37.27 | 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 |
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 has shown a fluctuating trend over the past few quarters. The company's average number of days of payables over the last year is around 38 days, indicating that, on average, Hologic takes approximately 38 days to pay its suppliers and vendors.
The latest figure of 41.27 days as of September 30, 2024, shows an increase compared to the previous quarter, indicating that the company took longer to pay its payables during the period. This could potentially suggest either a delay in payment processing or a change in the company's payment terms with suppliers.
Overall, Hologic Inc's number of days of payables is within a reasonable range for the industry standard. However, any significant deviations from the average trend should be carefully monitored, as they may indicate changes in the company's working capital management or supplier relations.
Peer comparison
Sep 30, 2024