Seastar Medical(Icu) Financials: Payables Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - payables turnover
This chart shows the historical trend of payables turnover for ICU compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Payables Turnover
Definition: Payables turnover shows how fast the company pays its suppliers for goods or services bought on credit. A high turnover means the company pays suppliers quickly, which may reflect strong cash flow or favorable terms. A very low turnover might mean the company is stretching payments to preserve cash — or possibly experiencing financial strain.
Interpretation:
• In '2023', ICU's payables turnover was 0.00, indicating how promptly the company pays its suppliers. Industry average for Medical/Dental Instruments in '2023' stood at 3.88.
• In '2024', ICU's payables turnover was 0.00, indicating how promptly the company pays its suppliers. The figure remained stable compared to '2023'. Industry average for Medical/Dental Instruments in '2024' stood at 4.12. Industry average increased by 0.24 compared to previous year.
Overall, ICU's payables turnover has remained generally stable over the past 2 years.
Formula: Payables Turnover = Cost of Goods Sold / Average Accounts Payable
Good Range: Ranges 5-15 depending on industry.