Integer Holdings Corp (ITGR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.81 | 11.18 | 13.98 | 18.28 | 16.67 | |
| Number of days of payables | days | 30.91 | 32.64 | 26.11 | 19.96 | 21.89 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.81
= 30.91
The number of days of payables for Integer Holdings Corp has fluctuated over the past five years. In 2023, the company took approximately 37.26 days to pay its suppliers, a slight decrease from the previous year's 39.76 days. This suggests that Integer Holdings Corp improved its efficiency in managing its payables in 2023.
Comparing to 2021 and 2020, where it took 31.73 days and 23.90 days, respectively, to pay its suppliers, in 2023, the company took longer to settle its payables. However, the number of days of payables in 2023 was still lower than in 2019, where it took 26.26 days.
Overall, the trend in the number of days of payables for Integer Holdings Corp indicates some fluctuations over the years, with a slight increase in 2023 compared to the previous year but overall showing improvements in managing its payables efficiently.
Peer comparison
Dec 31, 2023