Biogen Inc (BIIB)

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		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	3.68	5.22	5.38	5.22
Number of days of payables	days	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	99.08	69.86	67.88	69.95

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 some fluctuations over the past eight quarters. In Q4 2023, the company improved its efficiency in paying its payables, with only 58.11 days required to settle its obligations to suppliers. This represents a significant decrease from the previous quarter, Q3 2023, where it took 64.62 days to pay off payables.

However, looking at a longer trend, Biogen's number of days of payables has generally been increasing since Q1 2022 when it was at 61.00 days. The trend peaked in Q1 2023 at 81.97 days, indicating a slowdown in the company's payments to suppliers.

Overall, Biogen's management of payables shows some variability, but there may be opportunities for the company to optimize its payment processes to maintain a balance between meeting financial obligations and improving cash flow efficiency.