Supernus Pharmaceuticals Inc (SUPN)

Payables turnover

		Dec 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	401,888	295,781	310,746	314,799	321,031	418,757	454,848	468,008	467,442	489,145	440,870	414,500	382,420	340,324	326,355	288,181	258,697	221,602	190,722	179,160
Payables	US$ in thousands	4,587	6,392	4,628	14,397	1,964	3,389	4,400	11,544	10,543	16,015	35,518	12,323	9,331	9,125	7,229	5,954	6,147	11,193	5,515	3,124
Payables turnover		87.61	46.27	67.14	21.87	163.46	123.56	103.37	40.54	44.34	30.54	12.41	33.64	40.98	37.30	45.15	48.40	42.09	19.80	34.58	57.35

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $401,888K ÷ $4,587K
= 87.61

Supernus Pharmaceuticals Inc's payables turnover ratio fluctuated over the periods provided in the data. The payables turnover ratio indicates how efficiently the company manages its accounts payable by measuring the number of times a company pays off its average accounts payable balance during a particular period.

From March 31, 2020, to September 30, 2020, the payables turnover decreased significantly from 57.35 to 19.80, indicating a slower rate of payments to suppliers. This declining trend reversed in the following quarters, with an upward movement reaching a peak of 163.46 by December 31, 2023. This surge suggests that the company improved its efficiency in paying off its suppliers during this period.

However, from March 31, 2024, there was a sharp decline in the payables turnover ratio from 163.46 to 21.87, which suggests that Supernus Pharmaceuticals Inc may have delayed payments to its suppliers significantly during that period. Subsequently, the payables turnover ratio increased to 87.61 by December 31, 2024, indicating a recovery in the payment efficiency.

Overall, the company's payables turnover ratio exhibited fluctuations over the quarters analyzed, signifying variations in the efficiency of managing its accounts payable during the respective periods.