Jazz Pharmaceuticals PLC (JAZZ)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 19.00 | 23.69 | 19.72 | 46.39 | 23.87 | |
| Number of days of payables | days | 19.21 | 15.41 | 18.51 | 7.87 | 15.29 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.00
= 19.21
The number of days of payables for Jazz Pharmaceuticals plc has fluctuated over the past five years. In 2023, the company took, on average, approximately 86.10 days to pay its suppliers, which indicates an increase compared to the previous year's figure of 61.29 days. This suggests that the company may have taken longer to settle its accounts payable in 2023.
Looking back at historical data, in 2021 and 2020, Jazz Pharmaceuticals plc also exhibited fluctuations in the number of days of payables, with values of 83.06 days and 66.04 days, respectively. It is worth noting that the figure for 2020 showed a significant decrease from 2019, where the company took 135.65 days on average to pay its suppliers.
Overall, the trend in the number of days of payables for Jazz Pharmaceuticals plc seems to be variable, indicating that the company's payment practices may have changed over the years. Analyzing this ratio in conjunction with other financial metrics can provide a more comprehensive understanding of the company's working capital management and financial performance.
Peer comparison
Dec 31, 2023