Eli Lilly and Company (LLY)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.56 | 5.62 | 7.00 | 8.62 | 7.41 | |
| Number of days of payables | days | 65.60 | 64.98 | 52.11 | 42.35 | 49.23 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.56
= 65.60
Eli Lilly and Company's number of days of payables has shown fluctuation over the past five years. As of December 31, 2020, the company took approximately 49.23 days to pay its payables, which decreased to around 42.35 days by December 31, 2021. Subsequently, the number of days of payables increased to 52.11 days by December 31, 2022, and significantly rose to 64.98 days by December 31, 2023. By the end of December 31, 2024, the number of days of payables slightly increased to 65.60 days. This trend indicates a varying payment behavior by Eli Lilly and Company towards its creditors, with an overall increasing trend in the time taken to settle payables over the five-year period.
Peer comparison
Dec 31, 2024