OSI Systems Inc (OSIS)

Number of days of payables

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Payables turnover		6.84	7.92	8.11	7.08	12.06
Number of days of payables	days	53.37	46.10	44.99	51.55	30.26

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.84
= 53.37

The number of days of payables for OSI Systems Inc has exhibited fluctuations over the past five years. In the most recent year ending June 30, 2024, the company took an average of 53.37 days to pay its suppliers, which represents an increase compared to the previous year. This may indicate that the company is taking longer to settle its outstanding payables, potentially affecting its relationships with suppliers. However, it is crucial to compare this figure with industry benchmarks and analyze the company's overall liquidity position to understand the implications of this trend effectively.