ResMed Inc (RMD)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.54 | 12.39 | 9.76 | 9.84 | 9.13 | |
| Number of days of payables | days | 42.74 | 29.47 | 37.41 | 37.10 | 39.99 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.54
= 42.74
ResMed Inc's number of days of payables has fluctuated over the past five years. In Jun 30, 2024, the company had 28.46 days of payables, representing the number of days it takes for the company to pay its suppliers for purchases made on credit. This indicates that ResMed Inc took slightly longer to settle its payables in 2024 compared to the previous year where it had 19.85 days of payables.
In the earlier years, the number of days of payables ranged from 24.20 days to 39.99 days, showing fluctuations in the efficiency of payables management. A lower number of days of payables suggests that the company is managing its payments to suppliers more efficiently, potentially improving its cash flow and liquidity position.
Overall, ResMed Inc's number of days of payables trended upwards in 2024 compared to the previous year, indicating a potential shift in the company's payment practices or relationships with suppliers. It would be crucial for stakeholders to monitor future trends in payables management to assess the company's financial health and operational efficiency.
Peer comparison
Jun 30, 2024