Masimo Corporation (MASI)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		6.83	5.90	5.70	6.26	5.66
Number of days of payables	days	53.41	61.82	64.06	58.35	64.50

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.83
= 53.41

Masimo Corporation's number of days of payables has exhibited fluctuations over the past five years. The company has effectively managed its payables in 2023, with a decrease to 53.41 days compared to 61.82 days in 2022. This indicates that Masimo is taking longer to pay its suppliers in 2023. However, the current number of days of payables is still lower than in 2021 and 2019, suggesting a possible improvement in efficiency in managing payables. Overall, a downward trend in the number of days of payables demonstrates a potential positive impact on Masimo's liquidity and working capital management.

Peer comparison

Dec 31, 2023

Company name

Symbol

Number of days of payables

Masimo Corporation

MASI

53.41

BioLife Solutions Inc