Pfizer Inc (PFE)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		6.50	8.20	6.69	7.51	7.70	8.14	8.67	9.32	8.17	7.19	6.45	5.85	5.22	6.63	7.00	6.92	7.24	7.36	7.26	7.11
Number of days of payables	days	56.12	44.53	54.54	48.60	47.41	44.85	42.12	39.15	44.70	50.79	56.57	62.35	69.94	55.09	52.14	52.75	50.38	49.61	50.31	51.31

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.50
= 56.12

The number of days of payables for Pfizer Inc. has been fluctuating over the past 8 quarters. In Q4 2023, the company took approximately 98.15 days to pay its suppliers, which is an increase from the previous quarter. This could indicate that Pfizer is taking longer to settle its payables, potentially signaling liquidity challenges or strategic delays in payments. Comparing to the same quarter in the prior year, there has been a noticeable increase in the number of days of payables, which may require further investigation into the company's cash flow management. Overall, the upward trend in the number of days of payables for Pfizer warrants attention and monitoring to assess its impact on the company's financial health and operational efficiency.