Bristol-Myers Squibb Company (BMY)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		8.82	8.60	9.36	10.52	4.34
Number of days of payables	days	41.38	42.43	39.01	34.71	84.11

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.82
= 41.38

The number of days of payables for Bristol-Myers Squibb Company has shown a decreasing trend over the period from December 31, 2020, to December 31, 2024. In December 2020, the company took approximately 84.11 days to pay its outstanding payables, which decreased to around 34.71 days by December 2021, indicating an improvement in the company's ability to manage its payables efficiently.

However, from December 2021 onwards, the number of days of payables has shown a slight upward trend, reaching approximately 42.43 days by December 31, 2023. By the end of December 2024, the number of days of payables had slightly decreased to around 41.38 days.

Overall, the company's ability to pay its outstanding liabilities within a specific period has fluctuated, suggesting potential shifts in its payment policies or supplier relationships during the period under consideration. Further analysis of the factors influencing these fluctuations would provide deeper insights into the company's working capital management.