Amphastar P (AMPH)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.53 | 12.20 | 10.72 | 8.48 | 7.60 | |
| Number of days of payables | days | 31.66 | 29.92 | 34.06 | 43.05 | 48.03 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.53
= 31.66
The number of days of payables for Amphastar Pharmaceuticals Inc has shown a fluctuating trend over the past five years. In 2023, the company took approximately 31.66 days to pay off its payables, which is a slight increase from 29.92 days in 2022. This suggests that the company was able to manage its payables more efficiently in 2023 compared to the previous year.
Looking back further, in 2021, the number of days of payables was 34.06 days, indicating a decrease in efficiency compared to 2023. The trend continues as in 2020 and 2019, the company took 43.05 days and 48.03 days, respectively, to settle its payables. This suggests a less efficient management of payables in those years.
Overall, the decreasing trend in the number of days of payables from 2019 to 2023 indicates an improvement in the company's ability to manage its payables efficiently, leading to potentially better cash flow management and supplier relationships.
Peer comparison
Dec 31, 2023