HealthEquity Inc (HQY)

Number of days of payables

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Payables turnover		59.35	51.35	24.88	371.56	108.04
Number of days of payables	days	6.15	7.11	14.67	0.98	3.38

January 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 59.35
= 6.15

The number of days of payables for HealthEquity Inc has fluctuated over the past five years. In the most recent fiscal year ending January 31, 2024, the number of days of payables was 6.15 days, indicating that, on average, the company takes about 6.15 days to pay its suppliers. This is a decrease from the previous fiscal year when the number of days of payables was 7.11 days.

Comparing to two years prior, in January 31, 2022, the number of days of payables was significantly higher at 14.67 days, suggesting that the company took longer to pay its suppliers during that period. In contrast, in January 31, 2021, the number of days of payables was particularly low at 0.98 days, indicating that the company was able to quickly settle its payables during that fiscal year.

Looking back to January 31, 2020, the number of days of payables was 3.38 days, which was higher than the following year but lower than the most recent year. Overall, the trend in the number of days of payables for HealthEquity Inc shows fluctuations over the years, with variations in the company's payment practices and efficiency in managing its payables.