CONMED Corporation (CNMD)
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 | 6.44 | 6.63 | 6.74 | 6.63 | 6.46 | 6.38 | 6.17 | 6.59 | 7.61 | 9.48 | 7.89 | 7.38 | 7.54 | 7.13 | 10.22 | 7.46 | 7.69 | 9.10 | 7.93 | 7.25 | |
| Number of days of payables | days | 56.64 | 55.07 | 54.16 | 55.09 | 56.49 | 57.24 | 59.16 | 55.37 | 47.99 | 38.50 | 46.24 | 49.47 | 48.38 | 51.20 | 35.71 | 48.90 | 47.47 | 40.11 | 46.03 | 50.36 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.44
= 56.64
Conmed Corp.'s number of days of payables has shown a relatively steady trend over the past eight quarters. The company's average number of days of payables for Q4 2023 stood at 56.64 days, up slightly from the previous quarter of 55.07 days in Q3 2023. Comparing with the same quarter of the previous year, the number of days of payables has decreased from 56.49 days in Q4 2022.
Overall, Conmed Corp. has been effectively managing its payables, with the number of days remaining within a relatively consistent range over the past two years. It indicates that the company is maintaining a healthy balance between managing its payment obligations and optimizing its cash flow. However, a slight increase in the number of days of payables in the latest quarter may warrant further monitoring to ensure efficient working capital management.
Peer comparison
Dec 31, 2023