HealthEquity Inc (HQY)

Number of days of payables

Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021
Payables turnover 58.76 59.35 51.35 24.88 371.56
Number of days of payables days 6.21 6.15 7.11 14.67 0.98

January 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 58.76
= 6.21

The number of days of payables for HealthEquity Inc has shown some fluctuations over the past five years. As of January 31, 2021, the company had a very low number of days of payables at 0.98 days, indicating a rapid turnover of payables. In the following year, this figure increased significantly to 14.67 days as of January 31, 2022, suggesting a notable extension in the time taken to pay its suppliers.

Subsequently, HealthEquity Inc managed to reduce its number of days of payables to 7.11 days by January 31, 2023, demonstrating an improvement in efficiency in managing its payables. The trend continued in the following years, with the company further reducing its number of days of payables to 6.15 days as of January 31, 2024, and slightly increasing to 6.21 days by January 31, 2025.

Overall, the number of days of payables for HealthEquity Inc has shown variability but generally indicates a relatively efficient management of payables, with the company progressively optimizing its payment processes over the years.