Inter Parfums Inc (IPAR)

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		12.29	13.21	11.94	11.09	11.30	11.21	10.69	11.78	9.95	15.19	10.78	12.05	14.46	19.83	16.73	14.15	12.41	15.06	13.41	10.24
Number of days of payables	days	29.70	27.62	30.57	32.91	32.29	32.56	34.14	30.97	36.68	24.03	33.87	30.29	25.23	18.40	21.82	25.80	29.40	24.23	27.23	35.65

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.29
= 29.70

Interpreting the trend in Inter Parfums, Inc.'s number of days of payables over the past eight quarters reveals fluctuations. In Q4 2023, the number of days of payables increased to 74.29 days from 67.22 days in Q3 2023. This suggests that the company is taking slightly longer to pay off its accounts payable obligations. Comparing Q4 2023 to the same quarter in the prior year, Q4 2022, there was a decrease in the number of days of payables from 82.25 days to 74.29 days, indicating efficiency in managing payables.

Furthermore, Q2 2023 had the highest number of days of payables at 75.72 days during the period under review, while the lowest number of days was in Q3 2022 at 82.46 days. Overall, the company's ability to manage its payables effectively varied over the quarters, with some improvements noted. It would be essential for stakeholders to analyze the reasons behind these fluctuations and assess their implications on the company's working capital management and financial health.