Illumina Inc (ILMN)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		6.84	8.29	8.46	8.64	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
Number of days of payables	days	53.39	44.04	43.16	42.26	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

December 31, 2024 calculation

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

The number of days of payables for Illumina Inc has shown fluctuations over the past few years. From March 31, 2020, to December 31, 2024, the trend has varied with an increasing pattern initially followed by a decrease.

The number of days of payables increased from 45.02 days on March 31, 2020, to 88.26 days on December 31, 2021, indicating that the company took longer to pay its creditors during this period. This suggests a potential strain on working capital or a change in payment terms with suppliers.

However, starting from March 31, 2022, the number of days of payables began to decline, reaching 42.26 days by March 31, 2024. This downward trend may imply improved efficiency in managing payables or renegotiation of payment terms with vendors.

Overall, analyzing the number of days of payables can provide insights into Illumina Inc's liquidity management, vendor relationships, and potential cash flow implications. It is essential for stakeholders to track this metric to understand the company's payment practices and financial health.