Tandem Diabetes Care Inc (TNDM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.05 | 13.21 | 21.40 | 25.41 | 19.13 | |
| Number of days of payables | days | 24.25 | 27.63 | 17.06 | 14.36 | 19.08 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.05
= 24.25
The number of days of payables for Tandem Diabetes Care Inc have fluctuated over the past five years. In 2023, the company took on average 0.47.63 days to pay its suppliers, a decrease from 52.40 days in 2022. This indicates that the company improved its ability to manage its payables effectively by decreasing the number of days it takes to settle its outstanding obligations. Comparing to 2021 and 2020, the number of days of payables has increased, indicating that the company took longer to pay its suppliers during those years. Overall, it is important to monitor this ratio closely as effectively managing payables can impact cash flow and working capital management.
Peer comparison
Dec 31, 2023