CONMED Corporation (CNMD)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		6.44	6.46	7.61	7.54	7.69
Number of days of payables	days	56.64	56.49	47.99	48.38	47.47

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.44
= 56.64

The number of days of payables for Conmed Corp. has shown a slight increase over the past five years, with the latest figure reaching 56.64 days as of December 31, 2023. This indicates that, on average, the company takes approximately 56.64 days to pay off its trade payables. The increase in this ratio over time may suggest that Conmed Corp. is taking longer to settle its outstanding invoices, potentially affecting its relationships with suppliers and impacting its cash flow management. Monitoring this metric closely can provide insights into the company's payment practices and financial health.

Peer comparison

Dec 31, 2023

Company name

Symbol

Number of days of payables

CONMED Corporation

CNMD

56.64

BioLife Solutions Inc