Tandem Diabetes Care Inc (TNDM)

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		14.99	12.06	9.91	9.80	9.39	11.39	13.11	13.93	21.40	20.82	18.99	17.08	25.41	20.03	23.86	16.95	19.13	19.15	29.98	21.02
Number of days of payables	days	24.34	30.27	36.85	37.24	38.88	32.05	27.84	26.20	17.06	17.53	19.22	21.37	14.36	18.22	15.29	21.53	19.08	19.06	12.18	17.36

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.99
= 24.34

Tandem Diabetes Care Inc's number of days of payables has shown some fluctuation in recent quarters. In Q4 2023, the company had 47.63 days of payables, which decreased from 44.15 days in Q3 2023. This suggests that the company took longer to pay its creditors in Q4 compared to the previous quarter.

Looking at a longer trend, in Q2 2023, the number of days of payables increased to 54.01 days from 51.70 days in Q1 2023. This indicates that the company took longer to settle its payables in the second quarter.

Comparing the data to the same quarters in the previous year, in Q4 2022, Tandem Diabetes Care Inc had 52.40 days of payables, which decreased from 59.18 days in Q3 2022. This suggests an improvement in the company's ability to manage its payables in the fourth quarter of 2022.

Overall, while there have been fluctuations in the number of days of payables for Tandem Diabetes Care Inc, it is essential for the company to closely monitor and manage its payables to ensure efficient cash flow management and maintain good relationships with its suppliers.