Certara Inc (CERT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Payables turnover | 27.27 | 17.60 | 14.97 | |
| Number of days of payables | days | 13.38 | 20.74 | 24.39 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 27.27
= 13.38
The number of days of payables for Certara Inc has shown a decreasing trend over the past four years, indicating an improvement in the company's ability to manage its trade payables. As of December 31, 2023, Certara Inc took an average of 13.38 days to pay its suppliers, compared to 20.74 days in 2022, 24.39 days in 2021, and 23.16 days in 2020. This indicates that the company has been able to negotiate better payment terms or streamline its accounts payable processes, resulting in a more efficient use of its working capital. A lower number of days of payables suggests that the company is paying its suppliers more promptly, which could help maintain good relationships with vendors and potentially secure discounts for early payment.
Peer comparison
Dec 31, 2023