Edwards Lifesciences Corp (EW)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		15.93	13.41	13.45	11.78	13.09
Number of days of payables	days	22.91	27.22	27.14	30.98	27.88

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.93
= 22.91

The number of days of payables for Edwards Lifesciences Corp has shown fluctuations over the past five years. The company's ability to manage its payables improved from 2022 to 2023, as the number of days decreased from 68.21 days to 53.28 days. This indicates that the company took fewer days to pay off its suppliers, potentially improving its cash flow and liquidity position.

Comparing the current data to the historical trend, the number of days of payables in 2023 is lower than the figures in 2020 and 2019, suggesting that Edwards Lifesciences Corp has been more efficient in managing its payables recently. However, the number of days is slightly higher than the levels seen in 2021, indicating a small setback in managing payables efficiently.

Overall, a decreasing trend in the number of days of payables is generally favorable as it signifies better working capital management and cash flow optimization for the company. Edwards Lifesciences Corp should continue to monitor and actively manage its payables to ensure optimal efficiency in its financial operations.