Alkermes Plc (ALKS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.00 | 26.19 | 14.29 | 16.44 | 15.36 | |
| Number of days of payables | days | 24.34 | 13.94 | 25.53 | 22.21 | 23.76 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.00
= 24.34
The number of days of payables for Alkermes plc has shown a decreasing trend over the past five years. On December 31, 2023, the company did not have a specific value reported for the number of days of payables. This could be due to various reasons such as changes in accounting practices or reporting methods.
In the previous year, as of December 31, 2022, the number of days of payables was 54.96 days, reflecting a significant improvement compared to the two preceding years. This indicates that Alkermes plc took fewer days to pay its trade payables in 2023 compared to previous years.
However, in 2021 and 2020, the number of days of payables stood at 103.04 days and 94.23 days, respectively, showing a longer payment period for trade payables during those years. This suggests that the company took longer to settle its payables in these periods.
Moreover, on December 31, 2019, the number of days of payables was at its highest at 109.79 days, indicating a prolonged payment period for trade payables that year.
Overall, the decreasing trend in the number of days of payables for Alkermes plc suggests an improvement in managing its trade payables efficiently over the years, with a notable reduction in the payment period by the end of 2022.
Peer comparison
Dec 31, 2023