Varex Imaging Corp (VREX)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.32 | 7.36 | 9.30 | 7.52 | 9.00 | |
| Number of days of payables | days | 39.16 | 49.56 | 39.26 | 48.55 | 40.55 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.32
= 39.16
The number of days of payables for Varex Imaging Corp has fluctuated over the past five years.
In 2023, the company took approximately 39.16 days to pay its outstanding payables, which is a decrease compared to the previous year. This suggests that the company has been managing its payables more efficiently in the most recent period.
In 2022, the number of days of payables was higher at 49.56 days, indicating that the company took longer to settle its payables during that year compared to 2023. This may have been due to various factors such as changes in payment terms or liquidity constraints.
Similarly, in 2021, the number of days of payables was 39.26 days, showing a slight increase from the prior year. This could indicate a shift in the company's payment practices or supplier relationships during that period.
In 2020 and 2019, the number of days of payables were 48.55 days and 40.55 days respectively. These figures suggest fluctuations in the company's payment cycle over those years, with 2020 showing a longer payment period compared to 2019.
Overall, the trend in the number of days of payables for Varex Imaging Corp indicates variability in the company's payment practices and relationships with suppliers over the analyzed period. It is essential for the company to monitor and manage its payables effectively to maintain good relationships with suppliers and optimize its working capital management.
Peer comparison
Sep 30, 2023