Amgen Inc (AMGN)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		11.26	11.35	12.41	11.11	9.17	11.83	11.38	10.33	10.59	10.70	8.49	6.42	5.17	6.04	5.60	4.46	4.02	5.24	5.39	5.03
Number of days of payables	days	32.43	32.15	29.42	32.86	39.80	30.87	32.08	35.32	34.46	34.13	42.97	56.86	70.63	60.41	65.13	81.83	90.75	69.61	67.77	72.59

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.26
= 32.43

AMGEN Inc.'s number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the company had 68.67 days of payables, representing a decrease from the previous quarter. This indicates that AMGEN Inc. is taking fewer days to pay its suppliers, which may suggest a more efficient management of payables.

Compared to Q4 2022, where the number of days of payables was 89.57 days, there has been a significant improvement in managing payables. This trend of decreasing days of payables over the quarters could indicate a more effective cash flow management or negotiation with suppliers.

Looking at the historical data, Q2 2022 had the lowest number of days of payables at 64.41 days, while Q4 2022 had the highest at 89.57 days. The variation in the number of days of payables could be influenced by factors such as changes in supplier terms, operational efficiency, or the company's strategic focus on working capital management.

Overall, a decreasing trend in the number of days of payables for AMGEN Inc. may suggest an improvement in the company's liquidity position and working capital management. However, it is essential to continue monitoring this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial performance and operational efficiency.