Alkermes Plc (ALKS)

Number of days of payables

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Payables turnover		18.59	6.88	9.98	11.74	11.32	11.25	24.03	26.19	26.00	21.13	29.97	14.29	20.92	23.07	20.55	16.44	6.90	11.62	14.27	11.47
Number of days of payables	days	19.63	53.03	36.58	31.09	32.23	32.44	15.19	13.94	14.04	17.28	12.18	25.53	17.45	15.82	17.76	22.21	52.92	31.42	25.57	31.82

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.59
= 19.63

The number of days of payables for Alkermes Plc has fluctuated over the past few quarters. It indicates that the company takes an average of 19.63 days to pay its outstanding liabilities as of September 30, 2024. This is a notable decrease compared to the previous quarter where it took 53.03 days to pay its payables.

The trend in the number of days of payables suggests that the company has become more efficient in managing its payables in recent quarters. However, it is essential to monitor this ratio over time to ensure that the company maintains a healthy balance between managing its cash flow and maintaining good relationships with its suppliers.