LeMaitre Vascular Inc (LMAT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 40.84 | 44.16 | 49.53 | 40.35 | 36.18 | |
| Number of days of payables | days | 8.94 | 8.26 | 7.37 | 9.05 | 10.09 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 40.84
= 8.94
The number of days of payables for Lemaitre Vascular Inc has exhibited a fluctuating trend over the past five years. In 2023, the company took an average of 20.51 days to pay its suppliers, showing an increase from the previous year's 18.67 days. This suggests that the company may be taking slightly longer to settle its payables compared to the prior year.
Comparing to 2021 and 2020, where the number of days of payables were 16.10 days and 19.53 days respectively, we observe some variability in the payment cycle. It is worth noting that in 2019, the company took the longest time in the past five years to pay its suppliers, with 25.43 days.
Overall, the increasing trend in the number of days of payables from 2020 to 2023 might indicate a shift in the company's payment strategy or changes in its relationships with suppliers. It would be crucial to monitor this metric closely to assess the impact on cash flow management and relationships with vendors in the coming periods.
Peer comparison
Dec 31, 2023