IDEXX Laboratories Inc (IDXX)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		13.29	12.37	11.42	15.23	14.43
Number of days of payables	days	27.45	29.52	31.97	23.96	25.30

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.29
= 27.45

The number of days of payables for Idexx Laboratories, Inc. has shown a fluctuating trend over the past five years. In 2023, the company took approximately 27.45 days to pay its suppliers, which represents a decrease from the previous year. This improvement may indicate a more efficient management of payables and a potential ability to negotiate better terms with suppliers.

Comparing the data to 2021 and 2020, where the number of days of payables was higher at 31.97 days and 23.96 days respectively, there appears to have been some variability in the company's payment practices. This variability could be influenced by factors such as changes in supplier agreements, fluctuations in working capital needs, or adjustments in the company's cash management strategies.

In 2019, the number of days of payables was relatively similar to the 2023 figure at 25.30 days, suggesting a potential return to previous payment practices after a period of fluctuation. Overall, monitoring the trend of the number of days of payables can provide insights into Idexx Laboratories, Inc.'s liquidity management, supplier relationships, and overall financial health.