Inter Parfums Inc (IPAR)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.54 | 4.91 | 4.44 | 3.94 | 5.85 | |
| Number of days of payables | days | 25.11 | 74.28 | 82.24 | 92.76 | 62.35 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.54
= 25.11
The number of days of payables for Inter Parfums Inc has shown some variation over the years. Based on the data provided:
1. As of December 31, 2020, the company's number of days of payables was 62.35 days.
2. By December 31, 2021, this figure had increased to 92.76 days, indicating that the company took longer to pay its obligations compared to the previous year.
3. However, by December 31, 2022, the number of days of payables decreased to 82.24 days, suggesting an improvement in the company's ability to manage its payables.
4. The trend continued in the following years, with the number of days of payables further decreasing to 74.28 days as of December 31, 2023, and dropping significantly to 25.11 days by December 31, 2024.
Overall, the trend in the number of days of payables suggests that Inter Parfums Inc has been managing its payables more efficiently over the years, with a notable improvement in extending the payment period by the end of 2024.
Peer comparison
Dec 31, 2024