Insulet Corporation (PODD)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	537,200	541,000	554,100	531,600	499,700	441,800	376,200	347,600	346,700	266,800	358,600	449,200	528,100	670,863	637,195	603,964	561,200	524,096	502,013	466,063
Payables	US$ in thousands	19,200	77,800	107,500	85,900	30,800	62,100	57,200	52,200	37,700	58,000	49,300	59,100	54,100	57,000	35,600	36,400	54,500	21,245	24,752	26,833
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $537,200K ÷ $19,200K
= 27.98

Insulet Corporation's payables turnover has shown significant fluctuations over the past eight quarters, ranging from a low of 5.15 in Q2 2023 to a high of 27.98 in Q4 2023. This ratio indicates the number of times a company pays off its accounts payable during a specific period.

The sharp increase in payables turnover in Q4 2023 compared to previous quarters may suggest that Insulet Corporation has improved its ability to efficiently manage and settle its accounts payable, potentially indicating effective cash flow management or negotiation of favorable payment terms with suppliers.

However, the fluctuating nature of the payables turnover ratio in earlier quarters could indicate inconsistencies in the company's payment practices, which may have implications for its relationships with suppliers or liquidity management.

Overall, further analysis of Insulet Corporation's payables turnover trend in conjunction with other financial metrics and industry benchmarks would be necessary to provide a more comprehensive assessment of the company's financial health and operational efficiency.