Alkermes Plc (ALKS)

Number of days of payables

Dec 31, 2024 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
Payables turnover 19.54 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
Number of days of payables days 18.68 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

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.54
= 18.68

The number of days of payables for Alkermes Plc has shown some fluctuation over the analyzed period. The company's payment cycle has ranged from a low of 12.18 days as of March 31, 2022, to a high of 53.03 days as of June 30, 2024.

It is worth noting that a lower number of days of payables indicates that the company is taking fewer days to pay its suppliers, which may suggest a more efficient use of working capital. Conversely, a higher number of days of payables could imply that the company is taking longer to settle its obligations, potentially signaling liquidity challenges or strained supplier relationships.

Overall, monitoring the trend in days of payables can provide insights into a company's cash flow management and its ability to maintain good relationships with suppliers.