Pacira Pharmaceuticals Inc (PCRX)

Number of days of payables

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Payables turnover 11.76 13.09 13.30 11.25 8.34
Number of days of payables days 31.03 27.87 27.44 32.45 43.78

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.76
= 31.03

Pacira BioSciences Inc's number of days of payables has been fairly stable over the past five years, ranging from a low of 27.44 days in 2021 to a high of 43.78 days in 2019. The decreasing trend from 2019 to 2021 indicates that the company has been taking fewer days to pay its suppliers over time, which may suggest improved efficiency in managing its payables. However, the slight increase in 2023 to 31.03 days suggests a potential shift towards taking slightly longer to settle its payables. Overall, a lower number of days of payables is generally favorable as it indicates that the company is able to manage its payment obligations more promptly, potentially improving its cash flow and relationships with suppliers.


Peer comparison

Dec 31, 2023