Glaukos Corp (GKOS)

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		23.40	28.15	33.20	23.18	18.62	22.98	12.17	31.83	34.38	29.68	35.66	28.39	60.44	40.79	29.48	19.97	37.43	51.45	32.84	27.40
Number of days of payables	days	15.60	12.97	10.99	15.75	19.61	15.89	29.98	11.47	10.62	12.30	10.23	12.86	6.04	8.95	12.38	18.27	9.75	7.09	11.11	13.32

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.40
= 15.60

The number of days of payables for Glaukos Corporation has exhibited fluctuations over the past eight quarters, ranging from a low of 43.26 days in Q2 2023 to a high of 115.78 days in Q2 2022. In the most recent quarter, Q4 2023, the number of days of payables stood at 64.91 days, indicating an increase from the previous quarter. This suggests that the company took longer to pay its suppliers and vendors in Q4 2023 compared to Q3 2023.

Analyzing the trend further, it is observed that the number of days of payables was significantly higher in Q2 2022 at 115.78 days, indicating a prolonged period before the company settled its payables during that time. Subsequently, there was a notable decrease in Q3 2022 to 60.98 days, followed by fluctuations in the subsequent quarters.

Overall, the trend in the number of days of payables for Glaukos Corporation shows variability, with periods of extended payment cycles interspersed with declines in the time taken to settle payables. This metric is crucial for assessing the company's payment practices, cash flow management, and relationships with suppliers.