Perrigo Company PLC (PRGO)

Number of days of payables

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		6.12	6.02	6.46	6.23	6.97	6.47	5.99	5.58	6.43	5.99	5.87	6.62	6.90	7.16	7.05	7.19	6.10	6.67	5.75	5.89
Number of days of payables	days	59.61	60.66	56.49	58.60	52.37	56.44	60.91	65.45	56.78	60.98	62.13	55.13	52.87	51.01	51.80	50.75	59.88	54.72	63.47	61.96

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.12
= 59.61

The number of days of payables for Perrigo Company PLC has shown some fluctuations over the past few periods, ranging from a low of 50.75 days to a high of 65.45 days. The company's average number of days of payables over the periods analyzed is approximately 57 days.

Perrigo's ability to manage its payables effectively can have implications for its working capital management and cash flow. A lower number of days of payables suggests the company is paying its suppliers more quickly, which may strain its cash reserves. On the other hand, a higher number of days of payables may indicate favorable payment terms with suppliers, allowing Perrigo to hold onto cash longer.

Analyzing trends in the number of days of payables can provide insights into Perrigo's liquidity position, efficiency in managing working capital, and relationships with suppliers. It is important for stakeholders to monitor these trends alongside other financial metrics to assess the overall financial health of the company.