OSI Systems Inc (OSIS)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019
Payables turnover		6.80	7.19	7.04	6.70	7.88	8.16	7.97	6.98	8.08	7.81	7.84	7.14	7.03	7.74	10.73	10.72	11.99	10.09	9.90	10.45
Number of days of payables	days	53.67	50.79	51.82	54.49	46.34	44.73	45.80	52.27	45.18	46.76	46.55	51.09	51.92	47.19	34.02	34.06	30.45	36.17	36.87	34.93

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.80
= 53.67

OSI Systems Inc's number of days of payables has shown some fluctuation over the past few quarters. From December 2019 to March 2020, there was a significant decrease in the number of days of payables from 36.87 days to 30.45 days. This decrease indicates that the company was able to manage its payables more efficiently during this period.

However, there was a subsequent increase in the number of days of payables from March 2020 to September 2020, reaching 34.06 days. This trend continued until March 2021, where the number of days of payables peaked at 47.19 days before slightly decreasing in June 2021.

From June 2021 to December 2021, there was a further increase in the number of days of payables, reaching 46.55 days. This trend continued until September 2022, where the number of days of payables reached 52.27 days. Subsequently, there was a slight decrease in the number of days of payables in December 2022.

From December 2022 to June 2024, there was a general downward trend in the number of days of payables, indicating that the company may have been managing its payables more effectively during this period. It is important to note that a higher number of days of payables may suggest that the company is taking longer to pay its suppliers, while a lower number may indicate quicker payments.