Premier Inc (PINC)
Number of days of payables
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.21 | 16.76 | 18.08 | 17.85 | 7.96 | 6.89 | 7.98 | 8.98 | 8.09 | 8.39 | 7.83 | 8.47 | 12.28 | 12.90 | 11.57 | 9.88 | 10.35 | 7.58 | 6.41 | 7.24 | |
| Number of days of payables | days | 25.69 | 21.78 | 20.19 | 20.45 | 45.86 | 52.97 | 45.77 | 40.63 | 45.13 | 43.52 | 46.63 | 43.09 | 29.73 | 28.30 | 31.55 | 36.93 | 35.27 | 48.16 | 56.97 | 50.40 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.21
= 25.69
The number of days of payables for Premier Inc exhibits notable fluctuations over the analyzed period. At the start of the measurement, on September 30, 2020, the days payable stood at approximately 50.40 days. This figure increased during the subsequent quarter ending December 31, 2020, reaching nearly 56.97 days, indicating a longer period to settle payables. However, the trend reversed in the following quarter, with days payable decreasing to 48.16 days by March 31, 2021.
Throughout 2021, the days payable generally declined, reaching a low of approximately 31.55 days on December 31, 2021. This downward trend continued into the first quarter of 2022, with the metric decreasing further to around 28.30 days, reflecting a quicker payment cycle. In the second quarter of 2022, the number of days increased slightly to 29.73 days but remained relatively consistent.
In the latter half of 2022 and into early 2023, days payable showed modest fluctuations, reaching about 43.09 days on September 30, 2022, and approximately 43.52 days by the first quarter of 2023. The second and third quarters of 2023 saw slight increases, with days payable rising to 45.13 and then 45.77 days, respectively.
A significant reduction occurred by September 30, 2024, when the number of days of payables sharply decreased to approximately 20.45 days. This decrease persisted into December 2024 at approximately 20.19 days. Moving into early 2025, the days payable experienced a modest slight increase, reaching approximately 21.78 days on March 31, 2025, and 25.69 days by June 30, 2025.
Overall, the trend indicates periods of increasing and decreasing days of payables, with notable decreases towards the end of 2024, potentially reflecting strategic efforts to accelerate payments or changes in vendor payment policies. The fluctuations across the periods suggest responsive management practices adapting to operational or financial strategies over time.
Peer comparison
Jun 30, 2025