Teleflex Incorporated (TFX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 19.24 | 18.73 | 20.12 | 21.67 | 22.14 | |
| Number of days of payables | days | 18.97 | 19.49 | 18.14 | 16.84 | 16.48 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.24
= 18.97
Teleflex Incorporated's number of days of payables has shown a fluctuating trend over the past five years. In 2023, the company's number of days of payables stood at 36.36 days, slightly lower than the previous year's figure of 36.74 days. This indicates that the company takes approximately 36 days to pay off its trade payables, providing an insight into its payment efficiency.
Comparing to 2021 and 2020, the number of days of payables has increased, signifying a potential delay in settling its obligations to creditors. However, there was a notable improvement from 2020 when it was at 30.87 days, indicating the company has been taking longer time to pay suppliers or managing its working capital differently.
Overall, a higher number of days of payables may suggest that the company is leveraging its supplier credit terms effectively or facing cash flow challenges. It is essential for investors and creditors to monitor this ratio closely as it can provide valuable insights into Teleflex's liquidity management and financial health.
Peer comparison
Dec 31, 2023