Amphastar P (AMPH)

Number of days of payables

		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	Jun 30, 2019	Mar 31, 2019
Payables turnover		11.53	8.61	14.05	11.45	12.20	12.57	8.06	10.25	10.72	10.73	7.87	9.43	8.48	8.52	9.00	11.48	7.60	8.87	6.26	5.69
Number of days of payables	days	31.66	42.41	25.97	31.86	29.92	29.04	45.31	35.59	34.06	34.01	46.39	38.72	43.05	42.84	40.55	31.81	48.03	41.17	58.34	64.10

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.53
= 31.66

Amphastar Pharmaceuticals Inc's number of days of payables has been fluctuating over the past eight quarters, ranging from as low as 25.97 days to as high as 45.31 days. In Q3 2022, the number of days of payables was at its highest at 45.31 days before decreasing in the subsequent quarters. The company seems to have effectively managed its payables in Q2 and Q4 2023, with the number of days being below 35 days. This indicates that the company takes, on average, around 31 to 42 days to pay its suppliers and vendors. Monitoring this ratio can provide insights into the company's working capital management and payment practices.