Vericel Corp Ord (VCEL)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		2.77	3.22	5.56	5.91	5.92
Number of days of payables	days	131.69	113.22	65.61	61.71	61.64

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.77
= 131.69

Vericel Corp's number of days of payables has shown a fluctuating trend over the past five years. The company's payables were settled in approximately 131.69 days at the end of 2023, compared to 113.22 days in 2022, indicating an increase in the days it takes to settle its payables. This suggests that Vericel Corp may be taking longer to pay its vendors or suppliers, which could potentially strain its cash flow and relationships with creditors. Furthermore, the significant increase from 2022 to 2023 may warrant further investigation into the company's payment practices and financial health. It is important for Vericel Corp to closely monitor its payables management to ensure timely payments while maintaining positive supplier relationships and financial stability.