Collegium Pharmaceutical Inc (COLL)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		58.80	148.06	230.14	190.34	149.00	62.78	62.68	89.66	75.67	40.87	41.11	35.31	30.42	46.72	37.84	51.32	51.41	25.64	30.94	26.78
Number of days of payables	days	6.21	2.47	1.59	1.92	2.45	5.81	5.82	4.07	4.82	8.93	8.88	10.34	12.00	7.81	9.65	7.11	7.10	14.24	11.80	13.63

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 58.80
= 6.21

Collegium Pharmaceutical Inc's number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 33.45 days, which was higher compared to the previous quarter's 11.93 days. This indicates that the company took longer to pay its suppliers in the most recent quarter. However, it is worth noting that the number of days of payables in Q4 2023 is still lower than the numbers recorded in Q2 and Q3 of 2022.

Overall, Collegium Pharmaceutical Inc's number of days of payables has varied between 7.22 days to 33.45 days over the past eight quarters, suggesting some inconsistency in the company's payment practices. Further analysis of the company's financial statements and payment policies may be necessary to understand the reasons behind these fluctuations and their potential impact on the company's liquidity and working capital management.