Premier Inc (PINC)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.59 | 8.09 | 12.28 | 10.35 | 7.89 | |
| Number of days of payables | days | 48.07 | 45.13 | 29.73 | 35.27 | 46.25 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.59
= 48.07
Premier Inc's number of days of payables has fluctuated over the past five years, reflecting changes in the company's payment practices and relationships with suppliers. In particular, there was a notable increase in the number of days of payables from 29.73 days in 2022 to 48.07 days in 2024, indicating that the company took longer to pay its suppliers in the most recent year. This could suggest potential liquidity issues or a shift in management strategy regarding working capital management. It is also important to note the variability in the number of days of payables over the period, with the lowest being 29.73 days in 2022 and the highest at 48.07 days in 2024. Further analysis of Premier Inc's payables turnover and overall financial health would provide valuable insights into the implications of these trends.
Peer comparison
Jun 30, 2024