Intuitive Surgical Inc (ISRG)

Number of days of payables

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		23.20	21.41	20.62	24.30	25.81	22.36	23.54	26.53	26.78	19.37	18.56	19.70	24.40	17.17	17.93	14.48	14.87	18.37	17.79	15.04
Number of days of payables	days	15.73	17.04	17.70	15.02	14.14	16.32	15.51	13.76	13.63	18.84	19.67	18.53	14.96	21.26	20.35	25.21	24.55	19.87	20.52	24.28

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.20
= 15.73

Intuitive Surgical Inc's number of days of payables has fluctuated over the past eight quarters. In Q4 2023, the company had 28.76 days of payables, which decreased from the previous quarter's 31.30 days. This downward trend continued from Q2 2023, which had 32.88 days of payables, and Q1 2023, which had 28.10 days.

Comparing the latest quarter with the same quarter in the previous year, Q4 2023's number of days of payables (28.76 days) was higher than Q4 2022 (26.48 days), indicating a lengthening of the time the company takes to pay its suppliers. Throughout the past year, Q3 2023 had the highest number of days of payables at 31.30 days, while the lowest was in Q1 2022 at 25.41 days.

Overall, Intuitive Surgical Inc's number of days of payables has shown some variability but generally has stayed within the range of mid to high twenties days over the past two years. This metric reflects the company's payment practices and relationship with its suppliers, which can impact its working capital management and cash flow position.