Exelixis Inc (EXEL)

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 17.45 11.00 21.91 24.46 18.22 22.58 21.95 16.78 15.85 16.19 23.92 26.33 18.74 17.84 19.15 26.64 12.48 5.68 31.67 16.48
Number of days of payables days 20.92 33.18 16.66 14.92 20.03 16.17 16.63 21.75 23.03 22.55 15.26 13.86 19.48 20.46 19.06 13.70 29.24 64.30 11.52 22.15

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.45
= 20.92

Exelixis Inc has shown fluctuations in its number of days of payables over the period analyzed. The number of days of payables is a measure of how long, on average, a company takes to pay its suppliers. From March 31, 2020, to September 30, 2020, there was a significant increase in the number of days of payables, indicating that Exelixis was taking longer to pay its suppliers during that period.

Subsequently, from December 31, 2020, to June 30, 2021, there was a decrease in the number of days of payables, suggesting that Exelixis had improved its payment efficiency. However, there were some fluctuations in the following quarters, with the number of days of payables ranging between 13.70 days and 33.18 days.

Overall, it is important for Exelixis to monitor and manage its number of days of payables effectively to maintain good relationships with its suppliers while also ensuring optimal cash flow management. Periodic analysis and adjustments in payment policies may be necessary to achieve a balance between timely payments and efficient cash utilization.