Veracyte Inc (VCYT)

Number of days of payables

Jun 30, 2025 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
Payables turnover 13.68 9.86 18.09 15.19 11.39 10.59 9.16 8.81 8.43 6.65 8.53 8.78 9.03 7.60 6.02 5.60 6.07 5.83 13.30 20.90
Number of days of payables days 26.68 37.02 20.17 24.03 32.05 34.47 39.84 41.45 43.28 54.89 42.80 41.55 40.42 48.01 60.64 65.20 60.12 62.60 27.44 17.46

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.68
= 26.68

The analysis of Veracyte Inc.'s accounts payable turnover, reflected through the number of days payables, indicates a notable fluctuation over the analyzed period from September 2020 to June 2025.

At the beginning of the period, on September 30, 2020, the company's payables period was approximately 17.46 days, suggesting a relatively prompt payment cycle. Over the subsequent quarters, there was a significant increase, reaching a peak of 65.20 days on September 30, 2021. This substantial extension implies that the company was delaying payments or negotiated longer credit terms with suppliers during this period, possibly to optimize cash flow or due to strategic supplier relationships.

Following this peak, the payables period exhibited a declining trend, decreasing to 40.42 days by June 30, 2022, and remaining relatively stable around the low 40s days through the end of 2022 and into the first quarter of 2023. A subsequent reduction occurred by September 30, 2023, where the days of payables further decreased to approximately 41.45 days, and then continued to decline sharply to approximately 20.17 days by December 31, 2024. This suggests a more accelerated payment cycle and possibly improved creditor management or liquidity position.

By March 31, 2025, the payables period increased again to 37.02 days, with the subsequent quarter showing a decrease to 26.68 days. Overall, the trend demonstrates a period of strategic stretching of payable terms during 2021, followed by a sustained movement toward shorter payable cycles in late 2023 and into 2024, which could reflect operational or financial policy adjustments aimed at managing working capital more efficiently.