IDEXX Laboratories Inc (IDXX)

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		13.29	12.78	13.07	11.74	12.37	12.38	10.74	11.22	11.42	14.91	13.49	13.49	15.23	15.27	14.34	14.33	14.43	13.46	14.73	13.99
Number of days of payables	days	27.45	28.56	27.94	31.08	29.52	29.47	33.99	32.52	31.97	24.48	27.07	27.06	23.96	23.90	25.46	25.47	25.30	27.13	24.79	26.08

December 31, 2023 calculation

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

Based on the data provided, Idexx Laboratories, Inc. has been managing its payables efficiently over the past eight quarters. The number of days of payables has ranged from 27.45 days to 33.99 days.

Generally, a lower number of days of payables indicates that the company is taking less time to pay its suppliers, which could be a positive sign of strong vendor relationships or efficient working capital management. In contrast, a higher number of days of payables could suggest potential cash flow challenges or delays in settling obligations.

In this case, Idexx Laboratories, Inc. has maintained its number of days of payables within a relatively narrow range, indicating stable payment practices. This consistency suggests that the company may have a well-managed cash flow position and a balanced approach to managing trade credit.

Overall, the trend in Idexx Laboratories, Inc.'s number of days of payables shows a consistent and disciplined approach to managing its payables, which is essential for maintaining healthy working capital and sustaining positive vendor relationships.