Viatris Inc (VTRS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.64 | 5.53 | 7.43 | 4.28 | 4.98 | |
| Number of days of payables | days | 78.71 | 66.03 | 49.14 | 85.29 | 73.36 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.64
= 78.71
The number of days of payables for Viatris Inc has varied over the past five years. In 2023, the company had an average payment period of 78.71 days, which represents an increase from the previous year's 66.03 days. This indicates that the company took longer to pay its suppliers in 2023 compared to 2022.
Looking further back, in 2021, the number of days of payables was 49.14 days, which was significantly lower than in 2020 and 2019. This suggests that Viatris Inc was able to manage its payables more efficiently in 2021, possibly negotiating better payment terms with its suppliers.
In 2020, the company's payment period was 85.29 days, which was higher than in 2019 when it was 73.36 days. This fluctuation indicates some inconsistency in the company's payment practices over these years.
Overall, the trend in the number of days of payables for Viatris Inc shows some volatility, with fluctuations observed from year to year. The company's ability to effectively manage its payables can impact its liquidity and working capital management. Further analysis of the company's payables turnover ratio and industry benchmarks could provide additional insights into its payment practices.
Peer comparison
Dec 31, 2023