Incyte Corporation (INCY)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		1.58	2.33	0.75	0.88	1.33
Number of days of payables	days	230.96	156.89	489.40	416.05	274.50

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.58
= 230.96

Incyte Corporation's number of days of payables has shown fluctuation over the past five years. As of December 31, 2020, the company had an average payment period of 274.50 days, indicating that it took approximately 274.50 days to pay its suppliers. This figure increased significantly by the end of 2021 to 416.05 days, suggesting a potential delay in settling payables.

By December 31, 2022, the number of days of payables extended further to 489.40 days, possibly indicating a prolonged payment cycle or challenges in managing working capital efficiently. However, a notable improvement was observed by the end of 2023, with the number of days of payables decreasing to 156.89 days, which may signify enhanced liquidity management or more prompt payment practices.

As of December 31, 2024, Incyte Corporation's number of days of payables increased to 230.96 days, suggesting a slight delay in payment compared to the previous year. Overall, monitoring the trend in the number of days of payables can provide insights into the company's cash flow management, supplier relationships, and operational efficiency.