Edwards Lifesciences Corp (EW)

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		15.93	15.95	14.93	15.20	13.14	17.56	17.02	17.61	13.45	18.99	17.72	15.73	11.78	14.23	15.14	15.99	13.09	16.54	14.20	13.95
Number of days of payables	days	22.91	22.88	24.44	24.01	27.78	20.78	21.45	20.73	27.14	19.22	20.60	23.20	30.98	25.65	24.10	22.83	27.88	22.06	25.70	26.17

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 some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables stood at 53.28 days, a slight decrease from the previous quarter's 54.32 days. This suggests that the company took slightly fewer days to pay its suppliers in the most recent quarter.

Comparing the current period to the same quarter in the previous year, there has been an improvement in the number of days of payables. In Q4 2022, the company took 68.21 days to pay its payables, indicating a significant reduction in the payment period over the year.

On average, the number of days of payables for Edwards Lifesciences Corp appears to be around 50 to 60 days, with some quarters falling below this range and others exceeding it. This indicates that the company has been consistently managing its payables efficiently, balancing its cash flow needs while maintaining good relationships with its suppliers.

Overall, the trend in the number of days of payables for Edwards Lifesciences Corp suggests that the company has been effective in managing its payment cycles and maintaining a healthy working capital position.