Integer Holdings Corp (ITGR)
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 | 8.74 | 12.81 | 12.45 | 10.42 | 11.18 | 11.70 | 11.11 | 12.26 | 13.98 | 15.17 | 13.85 | 14.69 | 18.28 | 12.92 | 14.39 | 10.26 | 12.38 | 13.45 | 14.29 | 14.50 | |
| Number of days of payables | days | 41.75 | 28.50 | 29.33 | 35.02 | 32.64 | 31.19 | 32.86 | 29.78 | 26.11 | 24.06 | 26.36 | 24.84 | 19.96 | 28.25 | 25.37 | 35.56 | 29.48 | 27.15 | 25.55 | 25.18 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.74
= 41.75
The number of days of payables for Integer Holdings Corp has shown some fluctuation over the past eight quarters. In Q4 2023, the company had 37.26 days of payables, which increased slightly from the previous quarter. This suggests that the company took slightly longer to pay its suppliers in Q4 2023 compared to Q3 2023. However, compared to the same quarter in the previous year, the number of days of payables decreased.
On average, Integer Holdings Corp takes around 37 to 42 days to pay its suppliers. The trend over the past year indicates some variability but generally hovering around this range. It is important to monitor this metric closely as it can provide insights into the company's payment practices and potential cash flow management.
Peer comparison
Dec 31, 2023