Integra LifeSciences Holdings (IART)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		15.70	13.08	22.23	23.34	11.37
Number of days of payables	days	23.25	27.90	16.42	15.64	32.11

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.70
= 23.25

Integra Lifesciences Holdings Corp's number of days of payables has exhibited fluctuations over the past five years. In 2023, the company took approximately 51.30 days to pay its suppliers, representing a decrease from the previous year. This indicates that the company managed to negotiate more favorable payment terms or improved its efficiency in settling its payables.

Comparing to 2021, the number of days of payables increased from 37.76 days to 63.45 days in 2022, suggesting a potential delay in paying suppliers during that year. However, in 2021, the company significantly improved its payables turnover by reducing the number of days to 37.76, indicating efficient management of its accounts payable.

In 2020, the number of days of payables was similar to 2021, standing at 38.27 days, indicating a consistent payment behavior from the company during that period. In 2019, the number of days of payables was notably higher at 73.10 days, implying a longer time taken by the company to settle its payables compared to the most recent years.

Overall, the trend in the number of days of payables for Integra Lifesciences Holdings Corp showcases varying payment behaviors over the years, with fluctuations indicating changes in the company's working capital management and relationships with suppliers.