NeoGenomics Inc (NEO)
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 | 34.83 | 41.63 | 38.51 | 29.77 | 28.32 | 58.41 | 41.86 | 29.75 | 33.72 | 17.62 | 21.69 | 25.92 | 19.07 | 24.96 | 22.14 | 20.48 | 20.83 | 18.03 | 18.83 | 17.67 | |
| Number of days of payables | days | 10.48 | 8.77 | 9.48 | 12.26 | 12.89 | 6.25 | 8.72 | 12.27 | 10.82 | 20.71 | 16.82 | 14.08 | 19.14 | 14.62 | 16.48 | 17.82 | 17.52 | 20.24 | 19.39 | 20.65 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 34.83
= 10.48
Neogenomics Inc.'s number of days of payables has been fluctuating over the past eight quarters. In Q4 2023, the company took approximately 21.39 days to pay its bills to suppliers, which is slightly higher than the previous quarter's 18.01 days. Looking back over the last two years, there seems to be some seasonality in the pattern of payables days, with Q1 typically having the longest payment cycle compared to other quarters. It is important for Neogenomics Inc. to effectively manage its payables to maintain good relationships with suppliers and ensure optimal cash flow management.