Henry Schein Inc (HSIC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.50 | 11.91 | 11.09 | 9.65 | 10.67 | |
| Number of days of payables | days | 31.73 | 30.66 | 32.91 | 37.81 | 34.22 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.50
= 31.73
The number of days of payables for Henry Schein Inc has shown a fluctuating trend over the past five years. In 2023, the company took approximately 31.73 days to pay its suppliers, a slight increase from the previous year. This suggests that the company is managing its payables efficiently.
Compared to 2020 and 2019, when the number of days of payables was higher at 37.81 days and 34.22 days respectively, the decrease in payment days indicates an improvement in the efficiency of managing its accounts payable.
However, the increase in the number of days of payables in 2021 at 32.91 days may indicate a delay in payments to suppliers, which could potentially strain supplier relationships if not managed effectively. Overall, the trend in the number of days of payables for Henry Schein Inc reflects a need for continued monitoring and management to ensure optimal cash flow and supplier relationships.
Peer comparison
Dec 31, 2023