Eli Lilly and Company (LLY)

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		5.62	5.81	5.62	6.57	7.00	8.38	8.28	10.01	8.62	8.75	8.55	7.76	7.41	6.81	7.52	7.79	6.87	9.02	8.95	9.79
Number of days of payables	days	64.98	62.85	64.97	55.55	52.11	43.55	44.09	36.47	42.35	41.71	42.70	47.03	49.23	53.64	48.51	46.84	53.13	40.45	40.80	37.27

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.62
= 64.98

The number of days of payables for Lilly(Eli) & Co has shown fluctuations over the past eight quarters. In Q4 2023, the number of days of payables increased to 133.94 days compared to the previous quarter, indicating that the company took longer to pay off its creditors. This trend continued from Q2 2023, where the number of days of payables peaked at 137.64 days.

Conversely, in Q1 2023, the number of days of payables decreased to 118.98 days, suggesting that the company was able to settle its payables more quickly. This downward trend started in Q4 2022, with a significant decrease in the number of days of payables to 106.29 days.

Looking back further, in Q3 and Q2 of 2022, the number of days of payables remained relatively stable around 86 days. However, in Q1 2022, there was a notable decrease to 69.70 days, indicating that the company was managing its payables more efficiently during that period.

Overall, these fluctuations in the number of days of payables for Lilly(Eli) & Co suggest varying levels of effectiveness in managing its payment obligations to suppliers and creditors. It is important for investors and stakeholders to monitor this metric to assess the company's liquidity position and financial health.