DexCom Inc (DXCM)

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		9.17	10.09	8.62	8.24	8.70	9.72	8.27	11.22	8.07	6.98	8.33	8.68	7.77	8.21	10.77	10.27	10.45	9.92	8.54	7.20
Number of days of payables	days	39.82	36.18	42.35	44.31	41.96	37.55	44.11	32.52	45.20	52.30	43.83	42.07	46.96	44.44	33.90	35.55	34.93	36.81	42.72	50.69

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.17
= 39.82

Dexcom Inc's number of days of payables has exhibited fluctuations over the past eight quarters. In Q4 2023, the company had 75.66 days of payables, which was higher than the previous quarter's figure of 71.97 days. This indicates that Dexcom took slightly longer to pay off its outstanding liabilities to suppliers in Q4 2023.

Compared to the same quarter in the previous year, Q4 2022, the number of days of payables in Q4 2023 was slightly lower, suggesting a potential improvement in the efficiency of managing payables over the year.

Overall, Dexcom's number of days of payables appears to have experienced variability, which may reflect the company's evolving relationships with suppliers and its internal cash management practices. It is important to monitor this ratio over time to assess the company's ability to effectively manage its working capital and vendor relationships.