Inspire Medical Systems Inc (INSP)

Number of days of payables

		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	Dec 31, 2019
Payables turnover		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	3.06
Number of days of payables	days	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	119.29

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.04
= 20.24

Inspire Medical Systems Inc's number of days of payables has shown a fluctuating trend over the recent quarters. The company's ability to pay its suppliers has improved significantly compared to the same period last year, with the number of days of payables decreasing from 119.29 days in December 2019 to 20.24 days in September 2024. This suggests that the company has been managing its payables more efficiently.

Additionally, the number of days of payables has generally been decreasing over the recent quarters, indicating that the company is taking less time to settle its outstanding payables. This trend may indicate improved liquidity and financial health for the company, as it is able to meet its obligations to suppliers in a timelier manner.

Overall, the decreasing trend in the number of days of payables for Inspire Medical Systems Inc indicates efficient management of payables and improved financial stability.