Harmony Biosciences Holdings (HRMY)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Payables turnover | 19.05 | 71.25 | 205.76 | 52.09 | |
| Number of days of payables | days | 19.16 | 5.12 | 1.77 | 7.01 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.05
= 19.16
The number of days of payables for Harmony Biosciences Holdings Inc has shown fluctuations over the past four years. On December 31, 2023, the company had 53.38 days of payables, indicating that on average, it takes approximately 53 days for the company to pay its suppliers. This represents a significant increase from the previous year when the number of days of payables was 16.55 days.
Comparing further back, on December 31, 2021, the number of days of payables was 6.58 days, suggesting that the company was able to pay its suppliers much quicker during that period. However, on December 31, 2020, the number of days of payables increased to 33.63 days, indicating a widening gap in the time it takes the company to settle its payables.
Overall, the increasing trend in the number of days of payables from 2021 to 2023 may suggest a potential liquidity challenge or change in payment practices within Harmony Biosciences Holdings Inc. It would be advisable for stakeholders to closely monitor this metric to ensure efficient cash flow management and sustainable supplier relationships.
Peer comparison
Dec 31, 2023