Premier Inc (PINC)
Number of days of payables
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.73 | 7.59 | 8.09 | 12.28 | 10.35 | |
| Number of days of payables | days | 26.59 | 48.07 | 45.13 | 29.73 | 35.27 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.73
= 26.59
The data indicates fluctuations in the number of days of payables for Premier Inc over the period from June 30, 2021, to June 30, 2025. Specifically, the days payable decreased from 35.27 days in 2021 to 29.73 days in 2022, suggesting an improvement in the company's ability to settle its payables more quickly during that period. However, this trend was subsequently reversed, with the days of payables rising sharply to 45.13 days in 2023, which reflects a delay in settling obligations. The upward trend continued into 2024, with payables extending to 48.07 days, indicating a further lengthening in the payment cycle. Interestingly, the trend reversed again in 2025, with the number of days of payables decreasing substantially to 26.59 days, returning to a level lower than that observed in 2022.
Overall, these fluctuations demonstrate a variable approach to managing accounts payable, with periods of both acceleration and delay. The increase in days payable in 2023 and 2024 may suggest strategic payment deferrals or cash flow management strategies, whereas the reduction in 2025 indicates a shift towards more prompt payments. These changes could be influenced by factors such as supplier negotiations, cash flow considerations, or changes in credit policies.
Peer comparison
Jun 30, 2025