LivaNova PLC (LIVN)
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 | 11.37 | 13.90 | 12.57 | 12.61 | 12.54 | 13.02 | 10.34 | 10.82 | 11.99 | 13.30 | 13.13 | 12.09 | 10.15 | 9.76 | 10.58 | 9.11 | 9.82 | 12.49 | 9.19 | 7.98 | |
| Number of days of payables | days | 32.11 | 26.26 | 29.03 | 28.94 | 29.10 | 28.03 | 35.29 | 33.73 | 30.45 | 27.44 | 27.79 | 30.18 | 35.96 | 37.39 | 34.51 | 40.07 | 37.16 | 29.22 | 39.72 | 45.77 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.37
= 32.11
The number of days of payables for LivaNova PLC has shown variability over the past eight quarters. In Q4 2023, the days of payables stood at 77.19 days, indicating that, on average, it takes the company approximately 77 days to pay off its outstanding obligations to suppliers and vendors. This represents an improvement compared to the previous quarter, Q3 2023, where the days of payables were 64.79 days.
Looking at the trend over the last few quarters, there was a peak in Q2 2022 with 90.19 days, followed by a gradual decline until Q3 2023. However, in Q4 2022 and Q1 2023, the number of days of payables increased again.
Overall, a lower number of days of payables suggests that the company is paying its suppliers more quickly, which can be seen as a positive sign of liquidity management. However, it is important to monitor this metric over time to ensure that the company maintains a healthy balance between managing payables efficiently and preserving cash flow.
Peer comparison
Dec 31, 2023