ANI Pharmaceuticals Inc (ANIP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.99 | 10.93 | 9.97 | 7.74 | 4.32 | |
| Number of days of payables | days | 33.22 | 33.39 | 36.59 | 47.16 | 84.42 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.99
= 33.22
ANI Pharmaceuticals Inc's number of days of payables has been inconsistent over the past five years. In 2023, the company took approximately 73.76 days to pay its accounts payable, showing a slight improvement from 2022 when it took 77.07 days. However, this is still higher than the 2020 figure of 47.16 days, indicating that the company is taking longer to settle its payables compared to the previous year. Looking further back, in 2019, the number of days of payables was at its highest point at 84.42 days, suggesting that the company has made some progress in managing its payables more efficiently. Overall, the trend in the number of days of payables for ANI Pharmaceuticals Inc seems to be fluctuating, and it would be important to monitor this metric going forward to assess the company's liquidity and working capital management.
Peer comparison
Dec 31, 2023