Alkermes Plc (ALKS)

The number of days of payables for Alkermes Plc has shown some fluctuation over the years. As of December 31, 2020, the company took approximately 22.21 days to pay its trade payables on average. This number increased to around 25.53 days by December 31, 2021, indicating a slight delay in settling its payables.

However, there was a significant decrease in the number of days of payables by December 31, 2022, where the company reduced its payment period to approximately 13.94 days. This suggests that Alkermes Plc became more efficient in managing its payables during that period.

By December 31, 2023, the number of days of payables increased again to about 24.34 days, possibly indicating a shift in payment practices or changes in the company's working capital management.

As of December 31, 2024, the number of days of payables stood at approximately 18.68 days, reflecting a moderate improvement in the efficiency of payment cycles compared to the previous year.

Overall, the trend in Alkermes Plc's number of days of payables shows variations in the company's payment behaviors and working capital efficiency over the years. Further analysis and comparison with industry benchmarks could provide more insights into the company's financial health and operational performance.

Peer comparison

Dec 31, 2024