AptarGroup Inc (ATR)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		0.29	0.17	0.25	8.30	10.30
Number of days of payables	days	1,260.77	2,127.13	1,431.66	43.97	35.43

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.29
= 1,260.77

The number of days of payables for Aptargroup Inc. has shown a fluctuating trend over the past five years. In 2023, the number of days of payables increased slightly to 53.92 days from 54.16 days in 2022. This indicates that the company took slightly longer to pay its suppliers in 2023 compared to the previous year.

However, when compared to 2021 and 2020, there has been an overall increasing trend in the number of days of payables, suggesting that the company has been taking longer to pay its suppliers over the past three years.

In 2019, the number of days of payables was significantly lower at 38.69 days compared to the recent years. This indicates that in 2019, the company was more efficient in managing its payables and was paying its suppliers more quickly.

Overall, the increasing trend in the number of days of payables over the past three years may indicate a shift in the company's payment strategy or changes in its relationship with suppliers. Further analysis of the company's financial performance and operational activities would be needed to understand the implications of these changes in the number of days of payables.