LivaNova PLC (LIVN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.52 | 12.72 | 12.17 | 13.66 | 8.46 | |
| Number of days of payables | days | 31.67 | 28.70 | 29.98 | 26.72 | 43.15 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.52
= 31.67
The number of days of payables for LivaNova PLC has shown some fluctuations over the past five years.
In 2023, the number of days of payables decreased to 77.19 days from 86.22 days in 2022, indicating that the company is taking fewer days to pay off its trade payables. This may suggest improved efficiency in managing its accounts payable.
Compared to 2021 where the number of days of payables was 75.36 days, there was a slight increase in 2023, but overall the metric remains relatively stable.
In 2020 and 2019, the company took longer periods - 87.28 days and 96.87 days respectively - to settle its payables, indicating a delay in payments to suppliers during those years.
Overall, a decreasing trend in the number of days of payables can be seen from 2022 to 2023, which may suggest that LivaNova PLC is managing its trade payables more efficiently and promptly.
Peer comparison
Dec 31, 2023