Globus Medical (GMED)

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		9.67	4.06	8.38	6.91	7.31	7.97	7.25	9.33	10.90	11.52	11.13	9.98	11.95	6.84	6.99	7.72	7.31	7.34	7.14	6.52
Number of days of payables	days	37.73	89.82	43.55	52.80	49.96	45.77	50.33	39.13	33.50	31.67	32.78	36.58	30.56	53.36	52.24	47.29	49.92	49.73	51.09	55.96

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.67
= 37.73

Globus Medical Inc's number of days of payables has shown fluctuations in recent quarters. In Q4 2023, the company had 37.73 days of payables, indicating a relatively efficient management of its accounts payable. This was a significant improvement compared to the previous quarter, Q3 2023, where the number of days of payables was 89.82 days, suggesting a longer payment cycle during that period.

In general, Globus Medical Inc's payables turnover seems to vary between 37.73 days and 89.82 days, reflecting changes in the company's payment practices and relationships with suppliers. It is worth noting that compared to the same quarter in the previous year (Q4 2022), the number of days of payables decreased from 49.96 days to 37.73 days in Q4 2023, indicating a more efficient management of payables during this period.

Overall, the trend in Globus Medical Inc's number of days of payables suggests some variability in the company's payment behavior, which could be influenced by factors such as seasonality, business requirements, and supplier negotiations.