McKesson Corporation (MCK)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.49 | 6.42 | 6.93 | 6.26 | 6.17 | |
| Number of days of payables | days | 56.26 | 56.82 | 52.68 | 58.28 | 59.18 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.49
= 56.26
The number of days of payables for McKesson Corporation has shown a slight decrease over the past two years, from 58.28 days as of March 31, 2021, to 56.26 days as of March 31, 2024. This indicates that the company is taking slightly less time to pay its suppliers' invoices. However, when compared to the trend over the past five years, the current days of payables still remain relatively consistent, with fluctuations within a narrow range between 52.68 days and 59.18 days. This suggests that McKesson Corporation has been managing its payables effectively and maintaining a stable payment policy.
Peer comparison
Mar 31, 2024
Company name
Symbol
Number of days of payables
McKesson Corporation
MCK
56.26
Cardinal Health Inc
CAH
52.83
Cencora Inc.
COR
66.07
Nu Skin Enterprises Inc
NUS
8.27