Halozyme Therapeutics Inc (HALO)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		35.61	19.09	86.53	132.25	27.28
Number of days of payables	days	10.25	19.12	4.22	2.76	13.38

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 35.61
= 10.25

The number of days of payables for Halozyme Therapeutics Inc. has fluctuated over the past five years. In 2023, the company had 22.42 days of payables, significantly lower than the 46.36 days in 2022. This indicates that in 2023, the company took fewer days to pay its suppliers compared to the previous year. In 2021, the number of days of payables was a mere 6.91, suggesting that the company was able to settle its payables relatively quickly that year. The number increased to 16.23 days in 2020 before jumping to 51.56 days in 2019, indicating that the company took longer to pay its suppliers during those years. Overall, the trend in the number of days of payables for Halozyme Therapeutics Inc. shows variability and should be monitored closely for any potential impact on the company's financial health and cash flow management.