Incyte Corporation (INCY)

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		2.33	1.75	1.54	3.98	0.75	1.17	0.91	1.08	0.88	1.25	1.13	1.57	1.33	1.04	1.35	1.95	1.37	1.14	1.56	1.40
Number of days of payables	days	156.89	208.20	237.64	91.80	489.40	310.67	401.66	338.71	416.05	291.38	323.20	233.03	274.50	351.49	269.91	186.94	267.23	321.15	234.18	260.46

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 shown fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 156.89 days, indicating that the company takes approximately 156.89 days to pay its outstanding accounts payable. This represents a significant improvement from the previous quarter where the number of days of payables was 208.20 days.

The downward trend in the number of days of payables from Q3 2023 to Q4 2023 suggests that Incyte Corp. is managing its payables more efficiently. However, compared to Q1 2023, where the number of days of payables was 91.80 days, there has been an increase, signifying a potential slowdown in payment processing.

Looking back to Q4 2022, the number of days of payables was unusually high at 489.40 days, possibly indicating delayed payments or extended payment terms. Since then, there has been a gradual improvement in the number of days of payables, but the metric still remains relatively elevated compared to historical levels.

Overall, Incyte Corp. should continue to monitor and manage its payables effectively to optimize cash flow and maintain positive relationships with its suppliers.