Biogen Inc (BIIB)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.74 | 10.29 | 9.62 | 3.97 | 3.68 | |
| Number of days of payables | days | 26.56 | 35.46 | 37.96 | 91.98 | 99.08 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.74
= 26.56
Biogen Inc's number of days of payables has shown a decreasing trend over the past five years. From 2019 to 2023, the number of days of payables decreased from 99.08 days to 58.11 days. This indicates that the company is taking fewer days to pay its suppliers, which could be attributed to improved efficiency in managing its accounts payable. Lower number of days of payables may also suggest stronger bargaining power with suppliers or better cash flow management. The decreasing trend in the number of days of payables may positively impact the company's working capital management and overall financial health.
Peer comparison
Dec 31, 2023