LeMaitre Vascular Inc (LMAT)

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		40.84	33.21	39.95	40.84	45.23	45.12	44.14	54.44	49.53	35.22	52.92	38.74	40.35	45.06	74.98	69.43	36.18	52.54	58.95	34.45
Number of days of payables	days	8.94	10.99	9.14	8.94	8.07	8.09	8.27	6.70	7.37	10.36	6.90	9.42	9.05	8.10	4.87	5.26	10.09	6.95	6.19	10.59

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 40.84
= 8.94

Lemaitre Vascular Inc's number of days of payables has fluctuated over the past eight quarters. In Q4 2023, the company took an average of 20.51 days to pay its payables, which is a slight decrease from the previous quarter. Comparing to the same quarter of the previous year, the number of days of payables has increased.

Overall, Lemaitre Vascular Inc's number of days of payables appears to be relatively stable, hovering around the low 20s in recent quarters. This indicates that the company is efficient in managing its accounts payable obligations, with a consistent approach to paying its creditors within a reasonable timeframe. Tracking this ratio over time can provide insights into the company's cash flow management and supplier relationships.