Medpace Holdings Inc (MEDP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 47.85 | 35.15 | 36.13 | 28.14 | 32.38 | |
| Number of days of payables | days | 7.63 | 10.38 | 10.10 | 12.97 | 11.27 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 47.85
= 7.63
The number of days of payables for Medpace Holdings Inc has been declining over the past five years, indicating that the company is taking fewer days to pay its suppliers. This trend suggests that the company may be managing its payables more efficiently or negotiating better payment terms with its suppliers.
In 2023, Medpace Holdings Inc took an average of 8.54 days to pay its payables, compared to 11.75 days in 2022 and 11.51 days in 2021. This improvement is a positive sign as it shows that the company is able to hold onto its cash for a longer period before settling its payables.
Overall, the decreasing trend in the number of days of payables indicates that Medpace Holdings Inc has been more effective in managing its working capital and possibly enhancing its liquidity position. It is essential for investors and stakeholders to monitor this metric to assess the company's financial health and management efficiency.
Peer comparison
Dec 31, 2023