Supernus Pharmaceuticals Inc (SUPN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 44.34 | 40.98 | 41.88 | 17.41 | |
| Number of days of payables | days | — | 8.23 | 8.91 | 8.72 | 20.96 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Supernus Pharmaceuticals Inc has shown a significant decrease over the past five years. In 2019, the company took an average of 222.18 days to pay its suppliers, which has since decreased to 8.56 days by the end of 2023. This indicates that the company has significantly improved its efficiency in paying its payables over the years.
A lower number of days of payables suggests that the company is managing its payable obligations more effectively, possibly negotiating better payment terms with suppliers, managing its working capital more efficiently, and potentially improving its cash flow position. This improved performance in managing payables may indicate a healthier financial position for Supernus Pharmaceuticals Inc.
Overall, the decreasing trend in the number of days of payables indicates a positive development in the company's financial management and operational efficiency over the past five years.
Peer comparison
Dec 31, 2023