Exelixis Inc (EXEL)

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		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	21.89	29.30	13.41	16.08
Number of days of payables	days	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	16.67	12.46	27.21	22.70

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.22
= 20.03

The number of days of payables for Exelixis Inc has shown fluctuations over the past few quarters. In the latest quarter ending on December 31, 2023, the number of days of payables was 20.03 days, indicating that, on average, it takes approximately 20 days for the company to pay its suppliers and vendors.

Compared to the previous quarter, ending on September 30, 2023, there was a slight increase in the number of days of payables from 16.17 days to 20.03 days. This could suggest a possible delay in payment to suppliers during the latest quarter.

Analyzing further, the number of days of payables has ranged between 11.52 days and 64.30 days over the past two years. The company's ability to effectively manage its payables is crucial in maintaining good relationships with suppliers while optimizing cash flows.

Overall, monitoring the trend of the number of days of payables can provide insights into Exelixis Inc's liquidity position, operational efficiency, and financial management practices.