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 | ||
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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.
Peer comparison
Dec 31, 2023