Alkermes Plc (ALKS)

Number of days of payables

		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	Sep 30, 2019
Payables turnover		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	10.09
Number of days of payables	days	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	36.17

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.88
= 53.03

The number of days of payables for Alkermes Plc has fluctuated over the specified periods, ranging from as low as 12.18 days to as high as 53.03 days. This ratio indicates the average number of days it takes for the company to pay its suppliers or trade payables.

The trend in the number of days of payables shows some variability, with a general decrease in the ratio from the end of 2022 to mid-2023, followed by an increase and fluctuation in the most recent periods.

A lower number of days of payables may imply that the company is paying its suppliers more quickly, which could suggest efficient cash management or good relationships with suppliers. On the other hand, a higher number of days of payables may indicate that the company is taking longer to pay its suppliers, which could have implications for supplier relationships or financial health.

It is important for stakeholders to monitor this ratio over time to understand changes in the company's payment practices and their impact on liquidity and relationships with suppliers.