AptarGroup Inc (ATR)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		0.22	0.29	0.17	0.25	8.30
Number of days of payables	days	1,679.64	1,260.77	2,127.13	1,431.66	43.97

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.22
= 1,679.64

The number of days of payables for AptarGroup Inc has fluctuated significantly over the years based on the data provided. As of December 31, 2020, the company had approximately 43.97 days of payables, indicating a relatively short period within which it pays its suppliers. However, by December 31, 2021, this number surged to 1,431.66 days, suggesting a significant increase in the time taken by the company to settle its payables.

Subsequently, there was a further increase in the number of days of payables to 2,127.13 days by December 31, 2022, indicating a concerning trend of prolonged payment periods. However, by December 31, 2023, there was a slight improvement, with the number of days of payables decreasing to 1,260.77 days, albeit still at a relatively high level.

Finally, as of December 31, 2024, the number of days of payables stood at 1,679.64 days, showing some volatility but remaining considerably high. This trend suggests that AptarGroup Inc may have experienced challenges in managing its payables effectively, potentially impacting its relationships with suppliers and overall cash flow management.