United Therapeutics Corporation (UTHR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 131.55 | 66.95 | 104.55 | 26.37 | 11.88 | |
| Number of days of payables | days | 2.77 | 5.45 | 3.49 | 13.84 | 30.73 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 131.55
= 2.77
United Therapeutics Corp's number of days of payables has been decreasing over the past five years, indicating that the company is taking fewer days to pay its suppliers. This trend suggests that United Therapeutics Corp may be managing its accounts payables more efficiently by paying its suppliers faster.
The number of days of payables decreased from 30.73 days in 2019 to 7.94 days in 2023, showing a significant improvement in the company's payables management. This reduction in the number of days of payables may also indicate strengthened relationships with suppliers, which can be beneficial in negotiating better payment terms and discounts.
Overall, the decreasing trend in the number of days of payables for United Therapeutics Corp reflects a positive aspect of the company's financial management and liquidity position.
Peer comparison
Dec 31, 2023