Enovis Corp (ENOV)
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 | 13.70 | 14.70 | 12.23 | 11.79 | 15.93 | 24.66 | 30.09 | 9.55 | 32.37 | 6.97 | 6.58 | 6.34 | 7.08 | 7.66 | 7.90 | 6.84 | 6.87 | 6.67 | 5.97 | 3.15 | |
| Number of days of payables | days | 26.65 | 24.83 | 29.85 | 30.97 | 22.91 | 14.80 | 12.13 | 38.23 | 11.28 | 52.40 | 55.48 | 57.56 | 51.53 | 47.64 | 46.18 | 53.37 | 53.14 | 54.69 | 61.15 | 115.91 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.70
= 26.65
The number of days of payables for Enovis Corp has shown fluctuations over the past eight quarters. In Q4 2023, the company's payables were outstanding for an average of 67.49 days, which is a significant decrease compared to the previous quarter's 163.51 days. This suggests that Enovis Corp was able to pay off its obligations more quickly in Q4 2023.
Looking back over the past year, the number of days of payables has varied widely, ranging from a low of 29.97 days in Q2 2022 to a high of 203.88 days in Q1 2023. This indicates that the company's payment cycle has been unstable and subject to significant changes.
Overall, a lower number of days of payables is generally favorable, as it shows that the company is managing its accounts payable efficiently and potentially taking advantage of supplier credit terms. However, it is important to consider the reasons behind these fluctuations and whether they are sustainable in the long term. Enovis Corp may benefit from further analysis and monitoring of its payables management to ensure stability and optimize working capital management.
Peer comparison
Dec 31, 2023