Illumina Inc (ILMN)

Number of days of payables

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Payables turnover 7.18 5.50 4.13 5.40 7.22
Number of days of payables days 50.81 66.34 88.32 67.64 50.54

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.18
= 50.81

Illumina Inc's number of days of payables has fluctuated over the past five years. In 2023, the number of days of payables was 56.99 days, showing a decrease from the previous year. This may indicate that Illumina is taking longer to pay its creditors compared to the previous year, potentially signaling a more conservative approach to managing its payables. However, it is important to consider the company's overall financial health and industry norms when interpreting this metric. In 2021, the number of days of payables was 69.52 days, which was lower compared to 2022 and may suggest that Illumina was able to manage its payables more effectively that year. Overall, Illumina's number of days of payables has shown variability over the years, and further analysis is needed to understand the implications of these fluctuations.


Peer comparison

Dec 31, 2023


See also:

Illumina Inc Average Payables Payment Period