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.
Peer comparison
Jun 30, 2024