Inspire Medical Systems Inc (INSP)

Payables turnover

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
Cost of revenue (ttm) US$ in thousands 659,193 629,954 605,893 582,236 551,534 536,862 498,922 445,311 388,703 360,941 310,519 269,275 236,894 228,455 198,315 164,435 146,297 122,750 80,779 49,738
Payables US$ in thousands 38,687 34,926 33,621 43,802 38,839 40,031 39,961 36,478 26,847 20,305 16,033 17,022 11,665 9,989 8,681 9,057 7,209 6,743 5,103 5,821
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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $659,193K ÷ $38,687K
= 17.04

The payables turnover ratio for Inspire Medical Systems Inc has shown fluctuations over the past few years. The ratio indicates how efficiently the company pays its suppliers. A higher payables turnover ratio suggests that the company is paying its suppliers more quickly.

From March 31, 2020, to December 31, 2024, the payables turnover ratio has ranged from a low of 12.21 to a high of 22.87. The ratio peaked at 22.87 on September 30, 2021, indicating efficient payment to suppliers during that period. However, it decreased to 12.21 on March 31, 2023, suggesting a slower payment to suppliers during that quarter.

Overall, the trend in the payables turnover ratio for Inspire Medical Systems Inc has been somewhat volatile, with fluctuations both up and down. The company's management may want to monitor and potentially improve the consistency of its payables turnover to ensure effective management of supplier payments and maintain good relationships with vendors.