HealthStream Inc (HSTM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 25.73 | 27.56 | 38.93 | 20.15 | 42.53 | |
| Number of days of payables | days | 14.18 | 13.25 | 9.38 | 18.12 | 8.58 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.73
= 14.18
Healthstream Inc's number of days of payables has fluctuated over the past five years, ranging from a low of 16.90 days in 2019 to a high of 38.13 days in 2020. The number of days of payables indicates how long, on average, the company takes to pay its suppliers.
The decrease in the number of days of payables from 2020 to 2021 suggests that the company may have improved its efficiency in managing its payables, paying its suppliers more quickly. However, this was followed by an increase in 2022, indicating a potential delay in payments to suppliers.
In 2023, the number of days of payables decreased slightly to 28.67 days, which could indicate that the company has managed to strike a balance between maintaining good relationships with suppliers and optimizing cash flow.
Overall, Healthstream Inc's number of days of payables has shown variability over the years, and it is important for the company to closely monitor and manage this metric to ensure efficient working capital management and healthy supplier relationships.
Peer comparison
Dec 31, 2023