Medpace Holdings Inc (MEDP)
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 | 50.25 | 62.40 | 59.24 | 64.86 | 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 | |
Number of days of payables | days | 7.26 | 5.85 | 6.16 | 5.63 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 50.25
= 7.26
The number of days of payables for Medpace Holdings Inc has exhibited some fluctuations over the period under review. The metric represents the average number of days it takes for the company to pay its suppliers or trade payables.
From March 31, 2020, through September 30, 2021, the number of days of payables showed a relatively stable trend, fluctuating within the range of 7.58 to 12.97 days. This stability indicates the company's ability to manage its payables effectively during this period.
However, from December 31, 2021, to March 31, 2024, there were more substantial fluctuations in the number of days of payables, ranging from 5.63 to 10.90 days. This variability might suggest changes in the company's payment practices or the efficiency of its working capital management.
Toward the end of the period, specifically from June 30, 2023, to December 31, 2024, the number of days of payables decreased consistently, indicating potential improvements in efficiency or changes in the company's supplier relationships.
Overall, analyzing the number of days of payables for Medpace Holdings Inc provides insights into the company's management of working capital and its relationships with suppliers, highlighting potential areas of strength or areas for improvement in managing its payables effectively.
Peer comparison
Dec 31, 2024