Pfizer Inc (PFE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.39 | 7.70 | 8.17 | 5.22 | 7.24 | |
| Number of days of payables | days | 49.39 | 47.41 | 44.70 | 69.94 | 50.38 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.39
= 49.39
The number of days of payables for Pfizer Inc. has fluctuated over the past five years. In 2023, the number of days of payables improved to 98.15 days compared to the previous year when it was 72.36 days. This indicates that Pfizer took longer to pay off its trade payables in 2023 compared to 2022. Looking further back, in 2021, Pfizer had 66.06 days of payables, showing a slight increase from the previous year. However, there was a significant improvement in 2020, where the number of days of payables increased to 180.95 days, indicating an elongated payment period compared to previous years. In 2019, the number of days of payables was 150.73 days, showing a slight decrease compared to 2020. Overall, Pfizer's number of days of payables has shown variability over the past five years, which may reflect changes in payment terms with suppliers and the company's working capital management strategies.
Peer comparison
Dec 31, 2023