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Alkermes PLC (NAS:ALKS)
Days Payable
57.74 (As of Mar. 2015)

Alkermes PLC's payable for the three months ended in Mar. 2015 was $25.3 Mil. Alkermes PLC's cost of goods sold for the three months ended in Mar. 2015 was $40.0 Mil. Hence, Alkermes PLC's days payable for the three months ended in Mar. 2015 was 57.74.

Alkermes PLC's days payable increased from Mar. 2014 (57.08) to Mar. 2015 (57.74). It may suggest that Alkermes PLC delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Alkermes PLC's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=32.335/175.832*365
=67.12

Alkermes PLC's Days Payable for the quarter that ended in Mar. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=25.293/39.974*365 / 4
=57.74

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Alkermes PLC Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Dec14
DaysPayable 407.69561.6097.6763.1967.6760.5264.8352.6439.1567.12

Alkermes PLC Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
DaysPayable 33.7734.7628.1924.360.0057.0844.8252.5063.6357.74
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