Biogen Inc (BIIB)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.10 | 13.74 | 10.29 | 9.62 | 3.97 | |
| Number of days of payables | days | 30.18 | 26.56 | 35.46 | 37.96 | 91.98 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.10
= 30.18
From 2020 to 2024, Biogen Inc has shown a continuous improvement in managing its payables effectively. The number of days of payables has decreased significantly over this period, indicating that the company is taking fewer days to pay its suppliers.
In 2020, Biogen had an average payable period of 91.98 days, which reduced to 37.96 days by the end of 2021. This trend continued with further decreases to 35.46 days in 2022, 26.56 days in 2023, and a slight increase to 30.18 days in 2024.
The decreasing trend in the number of days of payables suggests that Biogen Inc has been able to negotiate better payment terms with its suppliers or is managing its working capital more efficiently. This could result in improved cash flow and stronger supplier relationships for the company.
Peer comparison
Dec 31, 2024