Teleflex Incorporated (TFX)

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		16.52	16.21	14.77	15.20	18.08	18.78	18.75	19.55	19.42	22.12	21.13	21.70	20.89	21.48	19.77	20.48	21.41	21.58	20.07	21.27
Number of days of payables	days	22.10	22.51	24.72	24.02	20.18	19.44	19.46	18.67	18.79	16.50	17.27	16.82	17.47	16.99	18.46	17.82	17.05	16.91	18.18	17.16

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.52
= 22.10

To analyze Teleflex Incorporated's number of days of payables, we can observe a slight increase in the average number of days it takes the company to pay its suppliers over the last eight quarters. In Q4 2023, the number of days of payables was 36.36 days, compared to 36.11 days in Q3 2023 and 39.78 days in Q2 2023. This indicates a relatively stable performance in managing its payables.

Throughout the quarters, the company generally pays its suppliers within a month, with slight fluctuations in the average number of days. It is essential for Teleflex to effectively balance its payment terms to maintain good relationships with suppliers while optimizing its cash flow. Further analysis could involve comparing the number of days of payables with industry benchmarks to assess the company's efficiency in managing its working capital.