Quidel Corporation (QDEL)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022
Payables turnover		7.98	9.50	10.68	9.45
Number of days of payables	days	45.72	38.41	34.19	38.61

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.98
= 45.72

The number of days of payables for Quidel Corporation has exhibited fluctuations over the past several quarters.

As of December 31, 2023, the company had an average payables turnover period of 45.72 days, indicating that, on average, it takes approximately 45.72 days for Quidel to pay off its trade payables. This figure increased compared to the previous quarter's number of days of payables, signaling a potentially slower payment cycle.

In the previous quarter, as of September 30, 2023, the number of days of payables stood at 38.41 days, showing a shorter average payment period compared to the most recent quarter. This decrease suggests the company was able to manage its payables more efficiently during that period.

Looking back further to June 30, 2023, the number of days of payables decreased even more to 34.19 days, indicating an even more efficient management of trade payables during that quarter.

However, in the first quarter of the year, as of March 31, 2023, the number of days of payables increased to 38.61 days, moving back towards a longer payment period compared to the immediate previous quarter.

Overall, the fluctuation in the number of days of payables for Quidel Corporation may reflect variations in the company's payment policies, relationships with suppliers, and cash flow management over the analyzed periods. Further analysis and comparison with industry benchmarks could provide additional insights into the efficiency and effectiveness of the company's payables management.