McKesson Corporation (MCK)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.49 | 6.39 | 6.14 | 6.37 | 6.42 | 6.44 | 6.61 | 6.75 | 6.93 | 7.04 | 6.71 | 6.59 | 6.26 | 6.67 | 6.41 | 6.90 | 6.16 | 6.50 | 6.45 | 6.04 | |
| Number of days of payables | days | 56.26 | 57.11 | 59.42 | 57.29 | 56.82 | 56.69 | 55.22 | 54.09 | 52.68 | 51.88 | 54.44 | 55.38 | 58.28 | 54.69 | 56.96 | 52.89 | 59.28 | 56.11 | 56.58 | 60.40 |
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 over the past 20 quarters has shown some fluctuations. The average number of days of payables over this period is approximately 55 days. The metric has been relatively stable, with a range of around 51 to 60 days.
It is worth noting that a higher number of days of payables indicates that the company takes longer to pay its suppliers, which may signal potential liquidity or cash flow challenges. Conversely, a lower number of days of payables could suggest a more efficient use of working capital.
Overall, McKesson Corporation's number of days of payables appears to be within a reasonable range, but trend analysis and comparison to industry benchmarks would provide a more comprehensive understanding of the company's payment practices and financial health.
Peer comparison
Mar 31, 2024
See also:
McKesson Corporation Average Payables Payment Period (Quarterly Data)