Masimo Corporation (MASI)
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 | 6.00 | 5.52 | 6.01 | 7.03 | 5.67 | 4.55 | 3.56 | 4.90 | 5.70 | 7.02 | 6.37 | 6.66 | 6.25 | 4.17 | 3.87 | 6.37 | 5.66 | 7.43 | 8.22 | 8.92 | |
| Number of days of payables | days | 60.88 | 66.11 | 60.72 | 51.95 | 64.37 | 80.24 | 102.54 | 74.54 | 64.04 | 51.98 | 57.34 | 54.80 | 58.36 | 87.58 | 94.28 | 57.33 | 64.50 | 49.13 | 44.38 | 40.91 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.00
= 60.88
The number of days of payables for Masimo Corporation has shown some fluctuations over the past few years. The average number of days of payables has been around 60 days, indicating that on average, the company takes about two months to pay its suppliers.
In recent quarters, there has been a slight increase in the number of days of payables, reaching 60.88 days as of December 31, 2023, compared to 51.95 days in March 31, 2023. This may suggest that the company is taking a bit longer to settle its payables, which could potentially be a strategic move to optimize cash flow or manage working capital.
The highest number of days of payables was recorded on June 30, 2022, at 102.54 days, indicating a prolonged period of payable turnover during that quarter. Conversely, the lowest number of days of payables was observed on March 31, 2019, at 40.91 days, indicating a more efficient payable management during that period.
Overall, monitoring the number of days of payables can provide insights into how efficiently Masimo Corporation manages its working capital and relationships with suppliers.
Peer comparison
Dec 31, 2023