Glaukos Corp (GKOS)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		24.33	20.08	33.86	60.75	38.33
Number of days of payables	days	15.00	18.18	10.78	6.01	9.52

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 24.33
= 15.00

Glaukos Corporation's number of days of payables has fluctuated over the past five years. In 2023, the company took an average of 64.91 days to pay its suppliers, which was a decrease from 76.21 days in 2022. This suggests that the company improved its ability to manage its payables more efficiently in 2023.

Compared to 2021 when the number of days of payables was 40.17 days, 2023 saw an increase, indicating that Glaukos Corporation took longer to settle its payables. However, in 2020, the number of days of payables was significantly higher at 17.39 days, suggesting that the company extended its payment periods to suppliers during that period.

In 2019, Glaukos Corporation took an average of 54.68 days to pay its payables, falling between the range seen in 2022 and 2023. Overall, the trend in the number of days of payables indicates some variability in the company's payment practices over the past five years.