Ironwood Pharmaceuticals Inc (IRWD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 22.45 | 240.15 | 120.01 | 239.82 | 50.26 | |
| Number of days of payables | days | 16.26 | 1.52 | 3.04 | 1.52 | 7.26 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.45
= 16.26
Ironwood Pharmaceuticals Inc's number of days of payables has shown a decreasing trend over the past five years. In 2020, the company took approximately 76.93 days to pay its suppliers, which decreased to 83.89 days in 2019. However, specific values are not provided for the years after 2020.
A decreasing number of days of payables suggests that the company is paying its suppliers more quickly. This could be seen as a positive sign, indicating good relationships with suppliers and possibly improving cash flow management. However, it could also indicate that the company is facing pressure to pay its obligations sooner, which could impact cash flows and liquidity.
Without specific data for the years beyond 2020, it is challenging to draw more detailed conclusions about the recent trends in Ironwood Pharmaceuticals Inc's payables management. Further information would be needed to provide a more comprehensive analysis of the company's payment practices and financial health.
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Dec 31, 2023