Artivion Inc (AORT)

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		26.25	30.86	30.64	31.54	20.11	18.53	14.24	11.33	9.75	10.14	8.74	9.66	8.88	8.20	8.53	8.82	9.52	12.43	13.24	16.66
Number of days of payables	days	13.91	11.83	11.91	11.57	18.15	19.70	25.64	32.22	37.45	36.00	41.75	37.80	41.11	44.51	42.81	41.37	38.36	29.36	27.57	21.91

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 fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 38.94 days, which was an increase from the previous quarter, indicating that the company took longer to pay its suppliers or vendors. This trend was also observed in Q4 2022 when the number of days of payables was 39.38 days.

In Q1 and Q2 of 2023, the number of days of payables decreased to 30.26 days and 32.54 days, respectively, suggesting that the company was able to manage its payable obligations more efficiently during those periods. However, in Q3 2023, there was a slight increase to 32.70 days, indicating a longer payment period compared to the previous quarter.

Comparing the data to the same quarters in 2022, there was a noticeable improvement in the company's management of payables in Q1 and Q2 of 2023 compared to Q1 and Q2 of 2022, where the number of days of payables was 32.22 days and 35.94 days, respectively.

Overall, the trend in Artivion Inc's number of days of payables suggests some variability in the company's payment practices, with periods of improved efficiency alternating with periods of longer payment cycles. This ratio is important as it provides insights into the company's liquidity management and relationships with suppliers.