ICU Medical Inc (ICUI)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		10.13	7.33	10.17	11.26	6.18
Number of days of payables	days	36.04	49.81	35.90	32.40	59.10

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.13
= 36.04

The number of days of payables for ICU Medical, Inc. has shown fluctuations over the past five years. In 2023, the company took approximately 36.04 days, on average, to pay off its payables, which represents an improvement from the previous year. Comparing to the ratios from the past five years, it can be observed that the company was able to manage its payables more efficiently in both 2021 and 2023 when it took around 35.90 and 36.04 days, respectively, to settle its payables, showing a shorter period compared to the others. However, in 2019, ICU Medical took the longest time to pay off its payables with approximately 59.10 days. Overall, the trends in the number of days of payables reflect the company's ability to effectively manage its payment obligations to suppliers over the years.