Innoviva Inc (INVA)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		17.87	23.52	599.52	210.35	1,465.60
Number of days of payables	days	20.43	15.52	0.61	1.74	0.25

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.87
= 20.43

The number of days of payables for Innoviva Inc has shown a decreasing trend over the past five years. Specifically, the number of days of payables decreased from 77.77 days in 2022 to 57.50 days in 2023. This suggests that the company is taking fewer days to pay its suppliers, which could indicate more efficient management of its accounts payable. However, it would be beneficial to have data for more years to provide a more comprehensive analysis of the trend and to assess any potential impact on the company's liquidity and working capital management.