Merit Medical Systems Inc (MMSI)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Payables turnover 17.26 18.95 20.31 23.23 16.74 21.97 17.14 15.77 14.97 16.07 16.83 17.34 17.73 19.52 18.60 18.39 19.68 21.35 22.28 17.70
Number of days of payables days 21.14 19.26 17.98 15.71 21.81 16.61 21.29 23.14 24.39 22.72 21.68 21.04 20.59 18.69 19.62 19.85 18.54 17.10 16.38 20.62

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.26
= 21.14

The number of days of payables for Merit Medical Systems Inc has fluctuated over the past few years, ranging from a low of 15.71 days on March 31, 2024, to a high of 24.39 days on December 31, 2022. The trend in the number of days of payables indicates some variability in the company's ability to manage its payables effectively. Generally, a lower number of days of payables suggests that the company takes less time to pay its suppliers, while a higher number indicates that the company takes longer to settle its payables.

Analyzing the data, we observe that the number of days of payables has shown a decreasing trend from September 30, 2023, to March 31, 2024, before slightly increasing again. Overall, managing the number of days of payables effectively is crucial for maintaining good relationships with suppliers while optimizing cash flow. Continued monitoring and analysis of this metric will be important to assess Merit Medical Systems' financial health and operational efficiency.