Artivion Inc (AORT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 26.25 | 23.70 | 9.75 | 8.88 | 9.52 | |
| Number of days of payables | days | 13.91 | 15.40 | 37.45 | 41.11 | 38.36 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 26.25
= 13.91
Artivion Inc's number of days of payables has shown some fluctuations over the past five years. The number of days of payables increased from 38.36 days in 2019 to 41.11 days in 2020, indicating a longer time taken to settle its payables. However, there was a slight improvement in 2021 as the number of days decreased to 37.45 days. Subsequently, in 2022 and 2023, the number of days of payables increased again to 39.38 days and 38.94 days, respectively.
Overall, Artivion Inc's number of days of payables has been relatively stable over the past five years, with the company taking around 38 to 41 days on average to settle its payables. It is important to monitor this ratio closely as it can impact the company's liquidity and cash flow management. Comparing this ratio with industry benchmarks and historical trends can provide valuable insights into the efficiency of Artivion Inc's accounts payable management.
Peer comparison
Dec 31, 2023