Inspire Medical Systems Inc (INSP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.20 | 14.48 | 20.33 | 20.29 | 3.06 | |
| Number of days of payables | days | 25.71 | 25.21 | 17.96 | 17.99 | 119.29 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.20
= 25.71
Inspire Medical Systems Inc's number of days of payables has been relatively stable over the past five years, ranging from 17.96 days to 25.71 days. The company takes approximately 18 to 26 days to pay its suppliers, which indicates a moderate efficiency in managing its accounts payable. The decrease in the number of days of payables from 2019 to 2021 suggests that the company has improved its payment efficiency during that period. However, the significant increase in 2019 compared to the following years may indicate a change in the company's payment policy or vendor relationships during that year. Overall, the company's management of payables seems to be in line with industry norms and does not raise any immediate concerns about its liquidity or financial health.
Peer comparison
Dec 31, 2023