Quest Diagnostics (BSP:Q1UE34) Days Payable : 22.22 (As of Dec. 2023)

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What is Quest Diagnostics Days Payable?

Quest Diagnostics's average Accounts Payable for the three months ended in Dec. 2023 was R$1,852 Mil. Quest Diagnostics's Cost of Goods Sold for the three months ended in Dec. 2023 was R$7,604 Mil. Hence, Quest Diagnostics's Days Payable for the three months ended in Dec. 2023 was 22.22.

The historical rank and industry rank for Quest Diagnostics's Days Payable or its related term are showing as below:

BSP:Q1UE34' s Days Payable Range Over the Past 10 Years
Min: 16.52 Med: 20.22 Max: 22.29
Current: 20.67

During the past 13 years, Quest Diagnostics's highest Days Payable was 22.29. The lowest was 16.52. And the median was 20.22.

BSP:Q1UE34's Days Payable is ranked worse than
84.76% of 210 companies
in the Medical Diagnostics & Research industry
Industry Median: 68.79 vs BSP:Q1UE34: 20.67

Quest Diagnostics's Days Payable increased from Dec. 2022 (18.77) to Dec. 2023 (22.22). It may suggest that Quest Diagnostics delayed paying its suppliers.

Quest Diagnostics Days Payable Historical Data

The historical data trend for Quest Diagnostics's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Quest Diagnostics Days Payable Chart

Quest Diagnostics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.14

20.62

21.16

20.06

21.34

Quest Diagnostics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															18.77	19.09	-	-	22.22

Competitive Comparison of Quest Diagnostics's Days Payable

For the Diagnostics & Research subindustry, Quest Diagnostics's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Quest Diagnostics's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Quest Diagnostics's Days Payable distribution charts can be found below:

* The bar in red indicates where Quest Diagnostics's Days Payable falls into.

Quest Diagnostics Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Quest Diagnostics's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1699.51	+	1852.124)	/	2 )	/	30373.861	*	365
=	1775.817					/	30373.861	*	365
=	21.34

Quest Diagnostics's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	1852.124)	/	1 )	/	7604.489	*	365 / 4
=	1852.124					/	7604.489	*	365 / 4
=	22.22

Quest Diagnostics Days Payable Related Terms

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Quest Diagnostics (BSP:Q1UE34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Quest Diagnostics Inc (BSP:Q1UE34) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DGX:USA QDI:Germany

Address

500 Plaza Drive, Secaucus, NJ, USA, 07094

Website

https://www.questdiagnostics.com

Quest Diagnostics is a leading independent provider of diagnostic testing, information, and services in the U.S. The company generates over 95% of its revenue through clinical testing, anatomic pathology, esoteric testing, and substance abuse testing with specimens collected at its national network of roughly 2,300 patient service centers, as well as multiple doctors offices and hospitals. The firm also runs a much smaller diagnostic solutions segment that provides clinical trials testing, risk assessment services, and information technology solutions.

Quest Diagnostics (BSP:Q1UE34) Headlines

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