Inspire Medical Systems Inc (INSP)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 17.04 | 14.20 | 14.48 | 20.33 | 20.29 | |
| Number of days of payables | days | 21.42 | 25.71 | 25.21 | 17.96 | 17.99 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.04
= 21.42
The number of days of payables for Inspire Medical Systems Inc has shown a slight increase from 17.99 days at the end of December 2020 to 17.96 days at the end of December 2021. However, there was a notable jump in the number of days of payables to 25.21 days by the end of December 2022, which further increased to 25.71 days by the end of December 2023. Subsequently, the number of days of payables decreased to 21.42 days by the end of December 2024.
This trend indicates that the company took longer to pay its suppliers in 2022 and 2023, which might have impacted its working capital management. The decrease in the number of days of payables in 2024 suggests improvement in the company's payment practices. Further analysis would be needed to understand the reasons behind these fluctuations and their implications for Inspire Medical Systems Inc's financial performance and liquidity position.
Peer comparison
Dec 31, 2024