Exelixis Inc (EXEL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 18.22 | 15.85 | 18.74 | 13.95 | 22.57 | |
| Number of days of payables | days | 20.03 | 23.03 | 19.48 | 26.17 | 16.17 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.22
= 20.03
Exelixis Inc's number of days of payables has fluctuated over the past five years, ranging from 16.17 days in 2019 to 26.17 days in 2020. The company's ability to pay its suppliers has improved in recent years, as evidenced by the decrease in the number of days of payables from 26.17 days in 2020 to 20.03 days in 2023. A lower number of days of payables indicates that the company is taking less time to settle its payables, which may be a positive sign of efficient cash management or strong supplier relationships. However, it is important for Exelixis Inc to strike a balance between managing payables efficiently and maintaining healthy supplier relationships to support the sustainability of its operations.
Peer comparison
Dec 31, 2023