Inari Medical Inc (NARI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Payables turnover | 39.84 | 5.81 | 3.78 | 4.30 | |
| Number of days of payables | days | 9.16 | 62.81 | 96.44 | 84.86 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 39.84
= 9.16
Based on the data provided, the number of days of payables for Inari Medical Inc has shown fluctuations over the past four years. In 2023, the company took approximately 65.36 days to pay its trade payables, slightly higher than the 62.81 days in 2022. This suggests that in 2023, Inari Medical took longer to settle its outstanding payables compared to the previous year.
Furthermore, when compared to 2021 and 2020, where the number of days of payables were 96.44 days and 84.86 days respectively, it is evident that the company improved its payables turnover efficiency in 2023 and 2022.
Overall, the decreasing trend in the number of days of payables indicates that Inari Medical Inc has been managing its trade payables more effectively in recent years, allowing the company to optimize its working capital and potentially improve its cash flow position.
Peer comparison
Dec 31, 2023