Biogen Inc (BIIB)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		12.10	11.93	15.04	13.95	13.74	12.35	11.13	10.00	10.29	15.48	13.91	15.10	9.62	8.94	8.29	5.63	3.97	4.42	4.54	4.65
Number of days of payables	days	30.18	30.60	24.27	26.16	26.56	29.57	32.79	36.52	35.46	23.58	26.23	24.18	37.96	40.81	44.05	64.81	91.98	82.55	80.42	78.54

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.10
= 30.18

Biogen Inc's number of days of payables has shown a decreasing trend over the past years, indicating a more efficient management of its payables. The metric decreased from approximately 78.54 days as of March 31, 2020, to around 30.18 days as of December 31, 2024. This suggests that the company is taking fewer days to pay its creditors, potentially improving its cash flow and liquidity position. The declining trend in days of payables could also imply better negotiation power with suppliers or improved working capital management. Additionally, a lower number of days of payables may indicate a more effective supply chain management strategy. It will be essential to monitor this ratio in future periods to assess the ongoing effectiveness of Biogen Inc's payables management.