Illumina Inc (ILMN)

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		7.18	7.18	6.91	6.76	5.50	5.63	5.40	4.99	4.14	5.30	6.22	6.32	5.40	6.43	7.36	8.11	7.22	7.43	7.63	7.66
Number of days of payables	days	50.84	50.87	52.85	53.99	66.34	64.79	67.58	73.15	88.26	68.89	58.68	57.75	67.64	56.77	49.57	45.02	50.54	49.10	47.86	47.62

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.18
= 50.84

Illumina Inc's number of days of payables has shown a decreasing trend over the quarters, indicating that the company is taking fewer days to pay its suppliers. In Q4 2023, the number of days of payables was 56.99 days, which was a slight decrease from the previous quarter's 57.18 days. This suggests that Illumina is managing its payables more efficiently. Comparing to the same quarter in the previous year, Q4 2022 had a higher number of days of payables at 74.32 days.

Overall, the downward trend in the number of days of payables signifies that Illumina is effectively managing its cash flow by paying its suppliers more promptly. This can be seen as a positive indicator of the company's financial health and liquidity management.