HealthEquity Inc (HQY)

Number of days of payables

		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	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Payables turnover		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	89.97	37.90	68.49	87.35
Number of days of payables	days	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	4.06	9.63	5.33	4.18

January 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 52.58
= 6.94

The number of days of payables for HealthEquity Inc has shown some fluctuations over the past few quarters. As of January 31, 2024, the company takes on average about 6.94 days to pay its suppliers. This indicates that HealthEquity Inc is efficient in managing its payables, as it takes less than a week, on average, to settle its debts.

Looking at the trend over the past quarters, the number of days of payables has been relatively stable, ranging from a low of 2.72 days in July 2021 to a high of 14.67 days in January 2022. This suggests that the company has been consistent in its payment practices and has not significantly deviated from its usual payment terms.

Overall, the relatively low number of days of payables indicates that HealthEquity Inc is efficient in managing its cash flow and vendor relationships. A lower number of days of payables can also suggest good liquidity and financial health, as the company is able to settle its debts promptly without causing undue strain on its resources.