STAAR Surgical Company (STAA)
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 | 5.15 | 7.79 | 5.89 | 6.93 | 5.27 | 8.03 | 4.58 | 4.04 | 5.96 | 5.45 | 6.42 | 5.91 | 6.03 | 5.55 | 4.64 | 4.23 | 4.75 | 4.83 | 4.23 | 4.73 | |
| Number of days of payables | days | 70.93 | 46.83 | 61.97 | 52.70 | 69.26 | 45.46 | 79.71 | 90.45 | 61.25 | 67.01 | 56.83 | 61.78 | 60.49 | 65.76 | 78.66 | 86.20 | 76.86 | 75.63 | 86.23 | 77.19 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.15
= 70.93
The number of days of payables for STAAR Surgical Company has shown some variability over the past few quarters. The average number of days of payables over the given period is approximately 65.93 days.
The number of days of payables is a metric that indicates how long, on average, a company takes to pay its suppliers. A higher number of days of payables may suggest that the company is taking longer to pay its suppliers, potentially signaling liquidity issues or strained supplier relationships. Conversely, a lower number of days of payables may indicate efficient management of payables and strong cash flow management.
In analyzing STAAR Surgical Company's number of days of payables, it is important to monitor trends over time and compare the company's performance to industry benchmarks to gain a deeper understanding of its financial health and operational efficiency. Additionally, management should strive to strike a balance between managing cash flow effectively and maintaining positive relationships with suppliers.
Peer comparison
Dec 31, 2023