Medpace Holdings Inc (MEDP)

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		47.85	49.37	39.65	33.48	35.15	38.92	35.97	38.60	36.13	35.10	35.26	35.73	28.14	44.92	48.15	42.46	31.29	32.15	27.80	43.93
Number of days of payables	days	7.63	7.39	9.21	10.90	10.38	9.38	10.15	9.46	10.10	10.40	10.35	10.21	12.97	8.13	7.58	8.60	11.66	11.35	13.13	8.31

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 47.85
= 7.63

Medpace Holdings Inc's number of days of payables has shown some fluctuations over the previous quarters. In Q4 2023, the company had 8.54 days of payables, slightly higher than the 8.29 days in Q3 2023. This suggests that the company took slightly longer to pay off its suppliers in Q4 compared to the previous quarter.

Looking back further, there was a noticeable increase in the number of days of payables from Q1 2023 (12.32 days) to Q2 2023 (10.36 days), but this trend reversed in Q3 and Q4 2023. Comparing the most recent data to the same quarter in the previous year, the number of days of payables in Q4 2023 (8.54 days) was lower than in Q4 2022 (11.75 days), indicating that the company improved its efficiency in paying off its liabilities to suppliers within a shorter timeframe.

Overall, monitoring the number of days of payables can provide insights into the company's liquidity management and relationships with its suppliers. Investors and analysts may further assess the impact of these trends on Medpace Holdings Inc's financial performance and operational efficiency.