AbbVie Inc (ABBV)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.31 | 14.02 | 13.01 | 14.27 | 5.12 | |
| Number of days of payables | days | 29.64 | 26.04 | 28.06 | 25.57 | 71.24 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.31
= 29.64
The number of days of payables for Abbvie Inc has shown fluctuating trends over the past five years. In 2023, Abbvie had an average payment period of 65.94 days, which was higher compared to the previous year but still within a reasonable range. This indicates that, on average, Abbvie takes approximately 65.94 days to pay its suppliers and vendors.
It is worth noting that the number of days of payables has been relatively stable over the years, with some minor fluctuations. There was a significant decrease in 2020, with the payment period dropping to 53.99 days, suggesting that Abbvie was able to manage its payables more efficiently that year.
Overall, Abbvie's number of days of payables has been relatively consistent, indicating a balanced approach to managing its working capital and relationships with its suppliers.
Peer comparison
Dec 31, 2023