Gilead Sciences Inc (GILD)

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		28.57	25.13	22.99	21.78	17.72	24.58	26.36	25.44	17.01	17.67	14.32	11.70	5.81	9.83	9.55	8.50	7.02	7.79	8.15	9.10
Number of days of payables	days	12.77	14.53	15.88	16.76	20.59	14.85	13.85	14.35	21.46	20.66	25.48	31.21	62.79	37.13	38.23	42.92	52.00	46.86	44.80	40.09

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 28.57
= 12.77

The number of days of payables for Gilead Sciences, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 30.89 days, indicating that the company takes approximately 30.89 days to pay off its accounts payable on average. This represents a decrease from the previous quarter Q3 2023, where the number of days of payables was 36.85 days.

Comparing the current quarter to the same quarter in the previous year, there has been a significant improvement from Q4 2022 when the number of days of payables was 58.39 days. This suggests that Gilead Sciences, Inc. has become more efficient in managing its accounts payable and has been able to negotiate better payment terms with its suppliers over the past year.

Overall, the trend in the number of days of payables for Gilead Sciences, Inc. shows a positive trajectory towards shorter payment cycles, which can be beneficial for the company's cash flow management and working capital efficiency. It indicates that the company is effectively managing its payables and maintaining good relationships with its suppliers.