Collegium Pharmaceutical Inc (COLL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 46.00 | 122.10 | 75.67 | 30.42 | 52.00 | |
| Number of days of payables | days | 7.94 | 2.99 | 4.82 | 12.00 | 7.02 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 46.00
= 7.94
Collegium Pharmaceutical Inc's number of days of payables has fluctuated over the past five years. In 2023, the company took an average of 33.45 days to pay its suppliers, which is a significant increase compared to the previous year where it took only 10.79 days. This indicates a lengthening of the payment period, potentially signaling a change in the company's payment policies or liquidity position.
Compared to 2021, when the number of days of payables was 25.88 days, and 2019, when it was 11.77 days, the current figure seems relatively high. However, in 2020, the number of days of payables spiked to 52.60 days, suggesting that Collegium Pharmaceutical Inc may have faced challenges managing its payables effectively during that year.
Overall, a higher number of days of payables may indicate that the company is taking longer to settle its obligations to suppliers, which could have implications for cash flow management and supplier relationships. Further analysis of the company's financial health and operational efficiency would be necessary to fully understand the reasons behind these fluctuations in the number of days of payables.
Peer comparison
Dec 31, 2023