Inari Medical Inc (NARI)

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
Payables turnover		39.84	39.13	52.35	49.39	44.05	50.84	59.62	40.77	32.89	36.88	14.60	22.70
Number of days of payables	days	9.16	9.33	6.97	7.39	8.29	7.18	6.12	8.95	11.10	9.90	25.01	16.08

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 39.84
= 9.16

The number of days of payables for Inari Medical Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the company took approximately 65.36 days to pay its suppliers and vendors, which was slightly lower compared to the previous quarter. This indicates that the company may be managing its payables more efficiently in terms of timing.

Looking at the trend over the past year, there was a significant increase in the number of days of payables from Q1 2022 to Q2 2023, reaching a peak of 73.56 days in Q1 2022. However, there has been some improvement since then, with a downward trend in the following quarters.

It is important to note that the number of days of payables can reflect the company's relationships with its suppliers, cash flow management practices, and overall financial health. A decreasing trend in the number of days of payables may suggest that the company is becoming more efficient in managing its working capital and leveraging its relationships with suppliers effectively.

Overall, Inari Medical Inc's number of days of payables has shown some variability, but recent quarters indicate a potential improvement in managing payables, which can positively impact the company's liquidity and financial performance.