Exelixis Inc (EXEL)

Payables turnover

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
Cost of revenue (ttm) US$ in thousands 666,432 652,351 628,344 637,615 615,252 597,229 570,599 547,411 517,765 494,822 477,966 455,105 454,588 433,836 391,634 368,225 295,000 272,070 288,312 252,481
Payables US$ in thousands 38,191 59,309 28,676 26,069 33,768 26,450 25,994 32,621 32,667 30,572 19,978 17,285 24,258 24,314 20,450 13,821 23,632 47,927 9,103 15,321
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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $666,432K ÷ $38,191K
= 17.45

Exelixis Inc's payables turnover ratio fluctuated over the period from March 31, 2020, to December 31, 2024. The payables turnover indicates how efficiently the company is managing its trade payables by comparing the cost of goods sold to its average accounts payable balance.

The payables turnover ratio ranged from a low of 5.68 for September 30, 2020, to a high of 31.67 for June 30, 2020. A higher payables turnover ratio typically suggests that the company is paying its suppliers more quickly, which can indicate strong liquidity or negotiating power. Meanwhile, a lower ratio may signal that the company is taking longer to pay its suppliers, potentially straining relationships but providing some advantages in terms of cash flow management.

Overall, the trend in Exelixis Inc's payables turnover ratio shows variability, which could be influenced by changes in payment terms with suppliers, changes in cost of goods sold, or shifts in the company's purchasing patterns. It is important for stakeholders to monitor this ratio along with other liquidity and efficiency metrics to assess the company's financial health and performance in managing its payables effectively.