HealthEquity Inc (HQY)

Number of days of payables

Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020
Payables turnover 58.76 70.19 63.45 35.98 52.58 53.38 57.13 53.49 51.35 47.04 45.41 51.75 24.88 121.49 134.25 63.23 371.50 77.29 45.90 61.99
Number of days of payables days 6.21 5.20 5.75 10.15 6.94 6.84 6.39 6.82 7.11 7.76 8.04 7.05 14.67 3.00 2.72 5.77 0.98 4.72 7.95 5.89

January 31, 2025 calculation

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

HealthEquity Inc's number of days of payables, a measure of how quickly the company pays its suppliers, has shown some fluctuation over the past few years. The number of days of payables ranged from as low as 0.98 days on January 31, 2021, indicating that, on average, the company took less than a day to pay its suppliers, to as high as 14.67 days on January 31, 2022, suggesting a longer time to settle its payables.

Overall, the trend in HealthEquity Inc's number of days of payables appears to have stabilized around 6-8 days in recent periods, indicating that the company typically takes approximately a week to just over a week to pay its suppliers. This level of payables turnover suggests a moderate and consistent payment pattern, which could be influenced by various factors such as vendor terms, cash flow management, and operational efficiency.

It is essential for HealthEquity Inc to monitor its payables management closely to ensure it maintains an optimal balance between timely payments and efficient cash flow utilization while maintaining good relationships with its suppliers.