Inspire Medical Systems Inc (INSP)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 17.04 | 18.04 | 18.02 | 13.29 | 14.20 | 13.41 | 12.49 | 12.21 | 14.48 | 17.78 | 19.37 | 15.82 | 20.31 | 22.87 | 22.84 | 18.16 | 20.29 | 18.20 | 15.83 | 8.54 | |
| Number of days of payables | days | 21.42 | 20.24 | 20.25 | 27.46 | 25.70 | 27.22 | 29.23 | 29.90 | 25.21 | 20.53 | 18.85 | 23.07 | 17.97 | 15.96 | 15.98 | 20.10 | 17.99 | 20.05 | 23.06 | 42.72 |
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 exhibited some fluctuations over the reported periods. The metric decreased from 42.72 days as of March 31, 2020, to a low of 15.96 days by September 30, 2021, indicating that the company was taking less time to pay its suppliers during this period.
Subsequently, the number of days of payables increased slightly, reaching 29.23 days by June 30, 2023, before declining to 20.24 days by September 30, 2024. This suggests that there may have been changes in the company's payment practices or supplier relationships during these periods.
Overall, analyzing the trend in the number of days of payables can provide insights into Inspire Medical Systems Inc's management of working capital and its relationships with suppliers, which are crucial aspects of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024