TransMedics Group Inc (TMDX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.88 | 8.44 | 1.37 | 7.47 | 1.34 | |
| Number of days of payables | days | 53.03 | 43.26 | 266.68 | 48.89 | 271.55 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.88
= 53.03
TransMedics Group Inc's number of days of payables has fluctuated significantly over the past five years. In 2023, the company's number of days of payables stood at 53.03 days, which indicates that, on average, it takes approximately 53 days for the company to pay its suppliers. This represents an increase from the previous year, where the number of days of payables was 43.26 days.
The spike in 2021 to 266.68 days stands out as an anomaly, significantly extending the period the company took to pay its suppliers. The company then managed to reduce this number drastically in 2022, suggesting potential improvements in managing its payables.
Comparing the data from 2023 to 2019, there has been a noticeable improvement in efficiency, as the number of days of payables has decreased from 271.55 days in 2019 to 53.03 days in 2023. This trend indicates that TransMedics Group Inc has been able to better manage its payables over the years, potentially improving its cash flow management or negotiating better payment terms with suppliers.
Peer comparison
Dec 31, 2023