Incyte Corporation (INCY)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		2.33	0.75	0.88	1.33	1.37
Number of days of payables	days	156.89	489.40	416.05	274.50	267.23

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.33
= 156.89

The number of days of payables for Incyte Corp. has fluctuated over the past five years. In 2023, the company took approximately 157 days to pay its suppliers, showing a significant improvement from the prior year when it took nearly 489 days. This indicates a more efficient management of payables in 2023 compared to 2022.

However, looking back further, we see that in 2021 and 2020, the number of days of payables was higher at 416 and 274 days respectively, suggesting possible challenges in managing payables during those years. In 2019, the number of days of payables was 267 days, relatively consistent with 2020.

Overall, the trend in the number of days of payables for Incyte Corp. indicates variability in the company's management of its supplier payments over the years, with a significant improvement in 2023 compared to the previous year. Efforts to optimize payables management may have been implemented in 2023, leading to a more efficient payment process.