DexCom Inc (DXCM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.17 | 8.70 | 8.07 | 7.77 | 10.45 | |
| Number of days of payables | days | 39.82 | 41.96 | 45.20 | 46.96 | 34.92 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.17
= 39.82
The number of days of payables for Dexcom Inc has been fluctuating over the past five years. In 2023, the company took approximately 75.66 days to pay its suppliers, showing a decrease from the previous year where it took 84.58 days. This implies that Dexcom is managing its payables more efficiently in 2023 compared to 2022.
Looking at a longer timeframe, the trend in the number of days of payables has been somewhat volatile. In 2021 and 2020, Dexcom took 93.15 and 92.18 days respectively to settle its payables, which were higher compared to the other years. This may indicate potential challenges in managing supplier payments effectively during those years.
In contrast, in 2019, Dexcom was able to pay its suppliers more promptly, taking only 68.58 days to settle its payables. This suggests a more efficient working capital management in that year.
Overall, Dexcom's number of days of payables has shown fluctuations over the years, indicating varying levels of efficiency in managing supplier payments. The company's ability to effectively manage its payables can have significant implications for its liquidity and operational performance.
Peer comparison
Dec 31, 2023