Insulet Corporation (PODD)

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		27.98	6.95	5.15	6.19	16.22	7.11	6.58	6.66	9.20	4.60	7.27	7.60	9.76	11.77	17.90	16.59	10.30	24.67	20.28	17.37
Number of days of payables	days	13.05	52.49	70.81	58.98	22.50	51.30	55.50	54.81	39.69	79.35	50.18	48.02	37.39	31.01	20.39	22.00	35.45	14.80	18.00	21.01

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 significant fluctuations over the past eight quarters. In Q4 2023, the company had 13.05 days of payables, indicating a relatively efficient management of its accounts payable. This is a substantial improvement compared to Q3 2023 when the number of days of payables was 52.49 days, suggesting a longer payment cycle during that period.

Looking back at Q2 2023 and Q1 2023, the number of days of payables increased further to 70.81 days and 58.98 days respectively, indicating a delayed payment cycle or potentially challenges in managing payables efficiently.

Comparing these figures to the same quarters in the previous year, there has been some inconsistency. For example, in Q4 2022, the number of days of payables was at 22.50 days, showing a more efficient management of payables compared to Q4 2023. However, in Q3 2022, Q2 2022, and Q1 2022, the number of days of payables were high at 51.30 days, 55.50 days, and 54.81 days respectively, indicating a longer payment cycle during those periods.

Overall, the trend in the number of days of payables for Insulet Corporation has been variable, with different factors potentially influencing the management of accounts payable from one quarter to another. Further analysis would be needed to understand the specific reasons behind these fluctuations and to assess the company's overall efficiency in managing its payables effectively.