ANI Pharmaceuticals Inc (ANIP)

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		10.99	10.97	12.13	10.13	10.85	16.47	10.40	11.67	8.79	12.81	8.93	6.20	7.74	5.97	5.30	5.63	4.32	5.98	6.74	6.37
Number of days of payables	days	33.22	33.26	30.09	36.03	33.65	22.16	35.11	31.27	41.52	28.50	40.88	58.89	47.16	61.10	68.88	64.88	84.42	61.04	54.17	57.26

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 exhibited fluctuations over the past eight quarters. In Q4 2023, the company took an average of 73.76 days to pay its suppliers, a slight decrease from 75.65 days in the previous quarter. This improvement follows a pattern of variability in the number of days of payables, suggesting fluctuations in the company's payment policies or its ability to manage its payables efficiently. Comparing Q4 2023 to the same quarter in the previous year, there has been an increase in the number of days of payables from 77.07 days to 73.76 days, indicating a potential shift in the company's working capital management strategies. Overall, ANI Pharmaceuticals Inc's number of days of payables should be monitored closely to assess the company's liquidity and operational efficiency.