Insulet Corporation (PODD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 27.98 | 16.22 | 9.20 | 5.95 | 10.30 | |
| Number of days of payables | days | 13.05 | 22.50 | 39.69 | 61.31 | 35.45 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 27.98
= 13.05
The number of days of payables for Insulet Corporation has shown a decreasing trend over the past five years, reflecting improvements in the company's ability to pay its suppliers. In 2023, the number of days of payables decreased to 13.05 days, down from 22.50 days in 2022, 39.69 days in 2021, 61.31 days in 2020, and 77.13 days in 2019. This indicates that the company is now taking fewer days to pay its suppliers, which could be attributed to better cash management practices or more efficient operations. Overall, the declining trend in the number of days of payables suggests an improvement in the company's liquidity position and working capital management.
Peer comparison
Dec 31, 2023