HealthStream Inc (HSTM)
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 | 25.73 | 58.65 | — | — | 27.55 | — | — | — | 38.96 | — | — | — | 20.15 | — | — | — | 31.38 | — | — | — | |
| Number of days of payables | days | 14.18 | 6.22 | — | — | 13.25 | — | — | — | 9.37 | — | — | — | 18.12 | — | — | — | 11.63 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.73
= 14.18
The number of days of payables for Healthstream Inc has exhibited some variability over the past eight quarters. In Q4 2023, the number of days of payables increased to 28.67 days from 13.59 days in Q3 2023. This suggests that the company took longer to pay its suppliers during Q4 compared to the previous quarter.
It is important to note that there is missing data for the number of days of payables in some quarters, leading to incomplete trend analysis. However, comparing Q4 2023 to the same quarter in the previous year, where the number of days of payables was 29.18 days, indicates a slight improvement in efficiency in managing payables.
In conclusion, Healthstream Inc's number of days of payables has shown fluctuations, with a notable increase in Q4 2023. Further analysis and examination of the underlying factors driving these changes would be beneficial in understanding the company's working capital management practices.
Peer comparison
Dec 31, 2023