Perrigo Company PLC (PRGO)

Number of days of payables

		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	Sep 30, 2019
Payables turnover		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	5.67
Number of days of payables	days	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	64.41

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.02
= 60.66

The number of days of payables for Perrigo Company PLC has shown some fluctuations over the periods analyzed. On average, the company takes around 57 to 63 days to pay its payables. The trend indicates that the number of days of payables has been somewhat volatile, ranging from a low of 50.75 days to a high of 65.45 days over the past few quarters. The company's ability to manage its payables effectively can impact its cash flow and working capital management. It would be beneficial to monitor this ratio over time to assess the company's efficiency in managing its payables.