Varex Imaging Corp (VREX)
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 | 7.73 | 8.91 | 8.28 | 8.10 | 6.74 | 7.36 | 6.75 | 7.08 | 7.80 | 9.30 | 7.69 | 6.64 | 5.13 | 5.07 | 4.78 | 7.04 | 7.41 | 9.00 | 10.64 | 9.65 | |
| Number of days of payables | days | 47.22 | 40.94 | 44.10 | 45.06 | 54.15 | 49.56 | 54.04 | 51.57 | 46.77 | 39.26 | 47.48 | 55.01 | 71.10 | 71.97 | 76.31 | 51.84 | 49.25 | 40.55 | 34.32 | 37.84 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.73
= 47.22
The number of days of payables for Varex Imaging Corp has fluctuated over the past few years, ranging from as low as 34.32 days to as high as 76.31 days. A lower number of days of payables typically indicates that the company is taking longer to pay its creditors, which can be advantageous as it allows the company to hold onto cash for a longer period. On the other hand, a higher number of days of payables suggests that the company is taking longer to settle its obligations, which could potentially strain relationships with suppliers if not managed properly.
In the most recent period as of December 31, 2023, Varex Imaging Corp had 47.22 days of payables, which falls within the middle range compared to previous periods. This suggests that the company is taking an average amount of time to pay its suppliers. It is important for the company to strike a balance between optimizing cash flow and maintaining good relationships with its vendors. Further monitoring of this ratio over time can provide insights into the company's payment practices and financial health.
Peer comparison
Dec 31, 2023