ResMed Inc (RMD)

Number of days of payables

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Payables turnover		12.83	17.06	14.93	16.34	18.36	16.19	12.51	12.99	14.65	15.45	13.72	12.55	15.09	15.59	13.54	12.22	9.13	10.51	10.34	10.48
Number of days of payables	days	28.46	21.39	24.45	22.34	19.88	22.55	29.18	28.10	24.92	23.62	26.61	29.08	24.20	23.41	26.95	29.87	39.99	34.73	35.29	34.84

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.83
= 28.46

The number of days of payables for ResMed Inc has fluctuated over the past few quarters. As of June 30, 2024, the company took approximately 28.46 days on average to pay its suppliers and vendors. This represents an increase compared to the previous quarter where the number of days of payables was 21.39 days.

Analyzing the trend further, there has been variability in the number of days of payables over the past few quarters, with some periods showing higher numbers such as 39.99 days on September 30, 2020, and 34.73 days on March 31, 2020. On the other hand, there were periods with lower numbers like 19.88 days on June 30, 2023.

This variability could indicate changes in the company's payment policies, supplier relationships, or overall financial performance. A longer number of days of payables may suggest that the company is taking longer to settle its debts, potentially indicating liquidity issues or strained relationships with suppliers. Conversely, a shorter number of days of payables may imply efficient cash management or strong negotiating power with suppliers.

Overall, fluctuations in the number of days of payables should be carefully monitored and analyzed in conjunction with other financial metrics to gain a comprehensive understanding of ResMed Inc's financial health and operational efficiency.