ResMed Inc (RMD)
Number of days of payables
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 | Jun 30, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Payables turnover | 9.36 | 9.41 | 8.25 | 8.05 | 10.70 | 9.30 | 10.28 | 12.39 | 10.84 | 8.31 | 8.63 | 9.76 | 10.33 | 9.15 | 8.30 | 9.84 | 11.03 | 10.57 | 10.74 | 9.03 | |
Number of days of payables | days | 39.01 | 38.80 | 44.22 | 45.35 | 34.11 | 39.24 | 35.49 | 29.47 | 33.67 | 43.92 | 42.31 | 37.41 | 35.34 | 39.88 | 43.96 | 37.10 | 33.08 | 34.52 | 33.98 | 40.43 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.36
= 39.01
The data indicates fluctuations in ResMed Inc.'s number of days of payables over the analyzed periods, spanning from June 2020 through March 2025. The metric ranged from a low of approximately 29.47 days on June 30, 2023, to a high of 45.35 days on June 30, 2024.
Between June 2020 and June 2021, the number of days of payables remained relatively stable, oscillating around the low to mid-30-day range. Notably, there was an upward trend observed from September 2021 through December 2022, with the figure reaching nearly 44 days in September 2022 and December 2022 respectively. This increase suggests a lengthening of the company’s accounts payable cycle during this period.
Post-December 2022, there is evidence of a reduction in the days of payables, reaching a low of 29.47 days in June 2023, implying a possible tightening of the company’s payables management or improved cash flow management strategies. However, this metric increased again in the subsequent quarters, peaking at over 45 days in June 2024 before gradually declining again toward the end of 2024 and the first quarter of 2025.
Overall, the trend reflects periods of both extension and contraction in the accounts payable cycle, indicating potential strategic adjustments in payment policies, liquidity management, or supplier negotiation tactics employed by ResMed Inc. The oscillations could also be influenced by seasonal factors or changes in operational requirements.
Peer comparison
Mar 31, 2025