ADMA Biologics Inc (ADMA)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.23 | 10.81 | 8.98 | 6.42 | 5.53 | |
| Number of days of payables | days | 35.67 | 33.77 | 40.64 | 56.87 | 65.95 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.23
= 35.67
The number of days of payables for ADMA Biologics Inc has shown a decreasing trend over the past five years, indicating that the company is taking fewer days to pay its bills. In December 31, 2020, the number of days of payables was 65.95 days, and this decreased to 56.87 days by December 31, 2021. Subsequently, the number of days of payables further decreased to 40.64 days by December 31, 2022, and to 33.77 days by December 31, 2023. However, by December 31, 2024, there was a slight increase to 35.67 days.
This decreasing trend in the number of days of payables may indicate that ADMA Biologics Inc has been managing its payables more efficiently over the years, potentially improving its cash flow and working capital management. It may also suggest that the company has been able to negotiate better payment terms with its suppliers or has improved its operational efficiency in processing payments. Overall, the decreasing trend in the number of days of payables reflects a positive financial management aspect of the company.
Peer comparison
Dec 31, 2024