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