Merit Medical Systems Inc (MMSI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 16.74 | 14.96 | 17.73 | 19.32 | 17.96 | |
| Number of days of payables | days | 21.81 | 24.39 | 20.59 | 18.89 | 20.33 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.74
= 21.81
The number of days of payables for Merit Medical Systems, Inc. has shown some variability over the past five years. The trend indicates that the number of days it takes for the company to pay its suppliers appears to have fluctuated. In 2023, the number of days of payables decreased to 35.74 days from 39.57 days in the previous year. This suggests that the company is taking slightly less time to pay its suppliers compared to the previous year. Overall, the company's ability to manage its payables efficiently can be observed by the fluctuations in this ratio over the years, with the most recent data showing a slight improvement in payables turnover.
Peer comparison
Dec 31, 2023