Hologic Inc (HOLX)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,802,500 | 1,983,000 | 1,948,200 | 1,958,900 | 1,952,400 | 1,788,400 | 1,836,800 | 1,865,300 | 1,915,300 | 1,929,100 | 1,891,800 | 1,836,400 | 1,763,100 | 1,653,200 | 1,561,700 | 1,549,000 | 1,750,100 | 1,800,900 | 2,216,600 | 2,196,500 |
| Payables | US$ in thousands | 203,800 | 202,500 | 183,800 | 175,200 | 180,600 | 187,400 | 201,800 | 197,700 | 216,600 | 224,800 | 202,200 | 215,900 | 208,400 | 225,100 | 184,300 | 178,800 | 127,300 | 134,400 | 123,700 | 186,500 |
| 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 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,802,500K ÷ $203,800K
= 8.84
The payables turnover ratio for Hologic Inc has fluctuated over the past few years. It indicates the company's efficiency in managing its trade payables.
The payables turnover ratio decreased from 17.92 in December 2019 to 7.34 in March 2021, showing a significant decline in the firm's ability to pay off its creditors during this period. However, the ratio gradually improved until reaching 10.60 in December 2023.
The recent payables turnover of 8.84 as of September 2024 suggests that the company is taking approximately 8.84 days to pay off its payables, which is slightly longer than in the previous periods but relatively stable in the mid-single digits.
It is important to assess the company's payables management efficiency over time, considering industry benchmarks and comparing it with competitors to gain a better understanding of Hologic Inc's financial health and operational effectiveness.
Peer comparison
Sep 30, 2024