Illumina Inc (ILMN)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		6.84	7.18	5.50	4.13	5.40
Number of days of payables	days	53.39	50.81	66.34	88.32	67.64

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.84
= 53.39

Illumina Inc's number of days of payables has experienced fluctuations over the years. As of December 31, 2020, the company took approximately 67.64 days to pay its suppliers, indicating a moderate payment period. By December 31, 2021, the number of days of payables increased to 88.32 days, suggesting a longer payment cycle compared to the previous year.

However, Illumina Inc managed to decrease its number of days of payables to 66.34 days by December 31, 2022, possibly indicating more efficient management of payables. Subsequently, as of December 31, 2023, the number of days of payables decreased further to 50.81 days, potentially implying a more aggressive approach to paying suppliers timely.

As of the most recent data available on December 31, 2024, Illumina Inc's number of days of payables slightly increased to 53.39 days, still reflecting a relatively prompt payment cycle. Overall, the trend in Illumina Inc's number of days of payables suggests variability in the company's payment practices over the years with noticeable changes in the speed of settling obligations to suppliers.