Laboratory Corporation of America Holdings (LH)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.72 | 13.86 | 11.82 | 12.78 | 10.63 | 16.01 | 15.18 | 12.06 | 13.02 | 12.16 | 13.26 | 17.00 | 16.89 | 15.54 | 16.77 | 15.28 | 14.13 | 13.41 | 15.63 | 14.76 | |
| Number of days of payables | days | 34.06 | 26.33 | 30.88 | 28.56 | 34.34 | 22.81 | 24.04 | 30.28 | 28.03 | 30.02 | 27.53 | 21.47 | 21.60 | 23.49 | 21.77 | 23.89 | 25.84 | 27.23 | 23.35 | 24.72 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.72
= 34.06
The number of days of payables of Laboratory Corporation of America Holdings has fluctuated over the years based on the provided data. The metric indicates the average number of days it takes for the company to pay its suppliers. A lower number of days implies that the company is paying its suppliers more quickly, while a higher number of days suggests a longer payment period.
Analyzing the trend, we observe that the number of days of payables ranged from around 21.47 days to 34.34 days during the period. Notably, there were fluctuations in the metric over the quarters, with some quarters showing a decrease in the number of days of payables followed by an increase in subsequent quarters.
Overall, the company seems to have somewhat effectively managed its payables, with the metric mostly staying within a reasonable range. However, it is essential to continuously monitor this ratio to ensure the efficient management of supplier payments and maintain good relationships with vendors while optimizing cash flow.
Peer comparison
Dec 31, 2024