Henry Schein Inc (HSIC)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 10,943,000 | 8,083,000 | 7,976,000 | 7,887,000 | 8,728,000 | 11,870,250 | 11,983,320 | 11,930,710 | 11,691,350 | 8,425,480 | 8,110,320 | 7,045,040 | 6,604,840 | 6,599,401 | 6,558,061 | 7,151,491 | 7,083,881 | 9,709,210 | 9,654,960 | 9,977,770 |
| Payables | US$ in thousands | 1,020,000 | 953,000 | 817,000 | 855,000 | 1,004,000 | 957,000 | 901,000 | 914,000 | 1,054,000 | 1,057,130 | 903,859 | 909,575 | 1,005,660 | 1,006,960 | 734,957 | 780,853 | 880,266 | 854,658 | 745,621 | 695,204 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $10,943,000K ÷ $1,020,000K
= 10.73
The payables turnover ratio for Henry Schein Inc has exhibited fluctuations over the past few years, indicating changes in how efficiently the company manages its accounts payable. The ratio measures the number of times a company pays off its accounts payable within a specific period.
Looking at the data, we observe that the payables turnover ratio has varied between 6.55 and 14.35 over the past 20 quarters. The highest turnover was recorded in Jun 30, 2019, at 14.35, suggesting that the company managed to pay off its payables 14.35 times during that period. On the other hand, the lowest turnover was seen in Dec 31, 2020, at 6.57, indicating a slower rate of paying off payables during that quarter.
Overall, the payables turnover ratio for Henry Schein Inc has shown volatility, with some quarters reflecting better efficiency in managing payables than others. It is important for the company to monitor and maintain a healthy payables turnover ratio to ensure optimized cash flow management and strong supplier relationships.
Peer comparison
Dec 31, 2023