Thermo Fisher Scientific Inc (TMO)

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	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	Jun 30, 2019	Mar 31, 2019
Payables turnover		3.65	4.24	4.44	3.87	3.04	4.13	3.87	3.63	3.16	3.76	3.93	3.75	3.59	4.27	5.21	4.42	3.66	5.02	5.93	5.64
Number of days of payables	days	99.97	86.04	82.20	94.36	120.26	88.37	94.37	100.44	115.57	97.12	92.98	97.34	101.73	85.49	70.04	82.52	99.72	72.69	61.51	64.70

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.65
= 99.97

Thermo Fisher Scientific Inc.'s number of days of payables have shown fluctuations over the past eight quarters. The trend indicates that the company takes an average of around 40.70 days to pay its suppliers in Q4 2023, a slight increase from the previous quarter. Overall, the company has been managing its payables efficiently, with lower numbers in Q2 and Q3 2023 compared to the same periods in 2022. However, it is essential to monitor this ratio continuously to ensure optimal working capital management and supplier relationships.