Vertex Pharmaceuticals Inc (VRTX)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.38 | 6.70 | 6.83 | 9.21 | 10.05 | |
| Number of days of payables | days | 49.49 | 54.51 | 53.43 | 39.63 | 36.34 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.38
= 49.49
The number of days of payables for Vertex Pharmaceuticals Inc has shown an increasing trend over the period from December 31, 2020, to December 31, 2024. Specifically, the number of days of payables increased from 36.34 days in 2020 to 49.49 days in 2024. This suggests that the company is taking longer to pay its suppliers or vendors. The increase in the number of days of payables may indicate a potential strain on the company's cash flow management or a change in its payment terms with suppliers. It is important for Vertex Pharmaceuticals Inc to closely monitor and manage its payables to ensure efficient working capital management and maintain positive relationships with its suppliers.
Peer comparison
Dec 31, 2024