Stryker Corporation (SYK)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		4.86	5.99	5.97	6.09	4.90	5.63	5.46	5.19	4.86	5.41	5.50	5.75	5.44	6.46	6.70	7.15	6.54	8.00	8.12	7.08
Number of days of payables	days	75.15	60.96	61.19	59.94	74.42	64.85	66.85	70.30	75.06	67.48	66.34	63.44	67.11	56.55	54.49	51.08	55.85	45.62	44.94	51.54

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.86
= 75.15

The number of days of payables for Stryker Corporation has shown fluctuations over the years. From March 31, 2020, to December 31, 2024, the days of payables ranged from a low of 44.94 days to a high of 75.15 days. The company appears to have effectively managed its payables during this period, with figures mostly staying within a reasonable range.

There was a notable increase in the number of days of payables from December 31, 2021, to March 31, 2022, followed by a decline in the next quarter. This pattern suggests some volatility in managing payables, which could be influenced by various factors such as changes in payment terms with suppliers or fluctuations in operating cash flows.

It is prudent for stakeholders to closely monitor the trend of payables days as it can provide insights into the company's working capital management and financial health. An increase in days of payables could indicate potential liquidity issues or strained relationships with suppliers, while a decrease may suggest improved cash management or negotiation power.