Harmony Biosciences Holdings (HRMY)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 29.24 | 19.05 | 71.25 | 205.76 | 52.09 | |
| Number of days of payables | days | 12.48 | 19.16 | 5.12 | 1.77 | 7.01 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 29.24
= 12.48
The number of days of payables for Harmony Biosciences Holdings has fluctuated over the past five years. As of December 31, 2020, the company took approximately 7.01 days to pay its creditors on average. This number decreased significantly to 1.77 days by December 31, 2021, indicating a shorter period of time for settling payables.
In the following year, by December 31, 2022, the number of days of payables increased to 5.12 days, suggesting a slight extension in the payment period to suppliers. Subsequently, by December 31, 2023, the company took around 19.16 days to settle its payables, showing a substantial increase compared to the previous year.
By the end of December 31, 2024, the number of days of payables decreased to 12.48 days, signifying a reduction in the time taken to pay creditors compared to the prior year but still higher than the levels observed in 2021 and 2022.
Overall, the trend in Harmony Biosciences Holdings' number of days of payables indicates fluctuations in the company's payment practices over the five-year period, with potentially varying impacts on working capital management and relationships with suppliers.
Peer comparison
Dec 31, 2024