Merit Medical Systems Inc (MMSI)

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		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	17.95	17.77	16.81	16.44
Number of days of payables	days	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	20.33	20.54	21.71	22.20

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 exhibited fluctuations over the past eight quarters. In Q4 2023, the number of days of payables stood at 35.74 days, which indicates the company takes approximately 35.74 days to pay its creditors. This figure is higher compared to the previous quarter (Q3 2023) where it was 27.09 days. The trend over the last two quarters shows an increase in the number of days of payables, suggesting a potential delay in settling obligations to suppliers.

When comparing the data to the same quarter of the previous year (Q4 2022), there has been a slight improvement, as the number of days of payables decreased from 39.57 days to 35.74 days. This indicates that Merit Medical Systems, Inc. has been more efficient in managing its payables over the year.

Overall, the trend in the number of days of payables for Merit Medical Systems, Inc. fluctuates, which may reflect changes in the company's payment policies, relationship with suppliers, or overall financial performance. It is essential for the company to continuously monitor and manage its payables effectively to maintain healthy supplier relationships and optimize cash flow management.