Gilead Sciences Inc (GILD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 28.50 | 17.69 | 17.04 | 5.81 | 7.02 | |
| Number of days of payables | days | 12.81 | 20.64 | 21.42 | 62.79 | 52.00 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 28.50
= 12.81
The number of days of payables for Gilead Sciences, Inc. has shown fluctuations over the past five years. In 2023, the company took approximately 30.89 days to pay off its trade payables, showcasing an improvement compared to the previous year when it took 58.39 days. This decrease may indicate that the company is managing its payables more efficiently in 2023.
Looking back further, in 2021 and 2019, the number of days of payables stood at 38.98 days and 55.67 days, respectively. However, in 2020, the days of payables were notably higher at 67.38 days, suggesting that the company took longer to settle its trade payables that year.
Overall, the trend in the number of days of payables for Gilead Sciences, Inc. indicates fluctuations in the company's payment practices over the years, with the latest data showing an improvement in the efficiency of paying off its trade payables compared to the previous year.
Peer comparison
Dec 31, 2023