Option Care Health Inc (OPCH)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		9.29	9.71	11.52	10.20	10.33
Number of days of payables	days	39.29	37.60	31.68	35.79	35.34

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.29
= 39.29

Option Care Health Inc.'s number of days of payables has shown a fluctuating trend over the past five years. In 2023, the company's number of days of payables increased to 46.88 days from 44.92 days in 2022. This implies that the company took longer to pay its suppliers and vendors in 2023 compared to the previous year.

Compared to 2021, the number of days of payables increased significantly, from 38.33 days to 46.88 days in 2023. This suggests that Option Care Health Inc. is taking longer to settle its payables, potentially indicating a change in the company's payment policies or cash flow management.

In 2020, the number of days of payables decreased slightly to 43.94 days from 44.89 days in 2019. The decrease in payables days in 2020 suggests that the company may have improved its ability to pay suppliers more efficiently compared to the previous year.

Overall, fluctuations in the number of days of payables for Option Care Health Inc. over the past five years indicate changes in the company's payment practices and ability to manage its working capital effectively. Further analysis of the company's financial performance and liquidity position would provide additional insights into the implications of these trends on the company's operations.