Henry Schein Inc (HSIC)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.73 | 8.48 | 9.76 | 9.22 | 8.69 | 12.40 | 13.30 | 13.05 | 11.09 | 7.97 | 8.97 | 7.75 | 6.57 | 6.55 | 8.92 | 9.16 | 8.05 | 11.36 | 12.95 | 14.35 | |
| Number of days of payables | days | 34.02 | 43.03 | 37.39 | 39.57 | 41.99 | 29.43 | 27.44 | 27.96 | 32.91 | 45.80 | 40.68 | 47.12 | 55.58 | 55.69 | 40.91 | 39.85 | 45.36 | 32.13 | 28.19 | 25.43 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.73
= 34.02
The number of days of payables for Henry Schein Inc has shown fluctuating trends over the past few quarters. As of December 31, 2023, the company took an average of 34.02 days to pay its suppliers, which is lower compared to the previous quarter at 43.03 days. This suggests that the company is managing its payables more efficiently.
Looking back at the historical data, we observe a general pattern of variability in the number of days of payables, with occasional spikes and dips. For instance, in December 2021 and March 2021, the number of days of payables was relatively high at 55.58 days and 55.69 days, respectively, indicating a longer time taken to pay suppliers.
On the other hand, in June 2022 and September 2022, the number of days of payables decreased to 27.44 days and 29.43 days, respectively, reflecting a more timely payment process. Overall, the company's ability to manage its payables effectively can impact its cash flow and liquidity position.
Peer comparison
Dec 31, 2023