TransMedics Group Inc (TMDX)

Number of days of payables

		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	Dec 31, 2019
Payables turnover		12.42	10.82	12.10	6.88	5.06	6.65	8.59	8.44	6.56	2.49	3.63	1.37	3.44	4.05	6.65	7.47	10.95	2.54	2.12	1.34
Number of days of payables	days	29.39	33.73	30.16	53.03	72.13	54.89	42.48	43.26	55.66	146.53	100.68	266.68	106.17	90.12	54.86	48.89	33.33	143.65	172.09	271.55

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.42
= 29.39

TransMedics Group Inc's number of days of payables has shown fluctuations over the past eight quarters. As of September 30, 2024, the company took approximately 29.39 days to pay its outstanding payables. This represents an improvement from the previous quarter, where the number of days to payables was 33.73 days.

Looking back over the past two years, there were significant variations in the company's payment cycle. Notably, in the second quarter of 2022, TransMedics Group Inc took an extended period of 266.68 days to settle its payables, which was significantly higher compared to the average observed in other quarters.

The trend in the number of days of payables suggests that the company's ability to manage its payables has improved in recent quarters, which could positively impact its working capital management and overall financial health. However, the company should continue monitoring and optimizing its payment practices to ensure efficient cash flow management.