Globus Medical (GMED)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.67 | 7.31 | 10.90 | 11.95 | 7.31 | |
| Number of days of payables | days | 37.73 | 49.96 | 33.50 | 30.56 | 49.92 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.67
= 37.73
The number of days of payables for Globus Medical Inc has shown fluctuations over the past five years. In 2023, the company took approximately 37.73 days to pay its suppliers, which was a decrease compared to 49.96 days in 2022. This suggests that the company managed its payables more efficiently in 2023.
In 2021, the number of days of payables was at 33.50 days, showing a slight increase from the previous year. However, in 2020, the company was able to further improve its payables management, with only 30.56 days required to settle its payables.
Looking back at 2019, the number of days of payables was relatively high at 49.92 days, indicating a longer period taken by the company to pay its suppliers.
Overall, the trend in the number of days of payables for Globus Medical Inc shows variability, with the company demonstrating efforts to enhance efficiency in managing its payables over the years.
Peer comparison
Dec 31, 2023