Merit Medical Systems Inc (MMSI)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		17.27	16.74	14.96	17.73	19.32
Number of days of payables	days	21.14	21.81	24.39	20.59	18.89

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.27
= 21.14

The number of days of payables for Merit Medical Systems Inc has shown a gradual increase over the past five years, from 18.89 days as of December 31, 2020, to 21.14 days as of December 31, 2024. This indicates that the company is taking slightly longer to pay its suppliers and vendors.

The trend suggests that Merit Medical may be managing its payables in a way that allows for a more efficient use of its cash flow or negotiating more favorable terms with its suppliers. However, a significant increase in the number of days of payables could also raise concerns about potential liquidity issues or strained relationships with suppliers.

Overall, it would be important for Merit Medical Systems Inc to closely monitor its payables management to ensure it strikes the right balance between maximizing cash flow and maintaining positive supplier relationships.