Penumbra Inc (PEN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.84 | 11.69 | 20.28 | 15.75 | 11.61 | |
| Number of days of payables | days | 26.37 | 31.22 | 18.00 | 23.17 | 31.44 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.84
= 26.37
Penumbra Inc's number of days of payables has fluctuated over the past five years. In 2023, the company took approximately 26.37 days to pay its suppliers, a decrease from the previous year's 31.22 days. This suggests that Penumbra Inc has been able to manage its payables more efficiently in 2023. However, compared to the lower figure of 18.00 days in 2021, the company took longer to settle its payables in 2023. Overall, the trend indicates some variability in Penumbra Inc's payment practices, which could be influenced by factors such as changes in the company's cash flow, supplier relationships, and procurement strategies.
Peer comparison
Dec 31, 2023