Amgen Inc (AMGN)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		11.38	9.53	10.56	5.17	4.02
Number of days of payables	days	32.07	38.29	34.57	70.63	90.75

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.38
= 32.07

AMGEN Inc.'s number of days of payables has shown a decreasing trend over the past five years, indicating that the company is taking fewer days to pay its suppliers. In 2023, the company took an average of 68.67 days to pay its payables, compared to 89.57 days in 2022, 77.25 days in 2021, 84.21 days in 2020, and 114.88 days in 2019. This decreasing trend suggests that AMGEN Inc. has been managing its payables more efficiently over the years, potentially improving its cash flow and relationships with suppliers.