Moderna Inc (MRNA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.55 | 14.02 | 11.17 | 11.05 | 15.50 | |
| Number of days of payables | days | 25.08 | 26.03 | 32.68 | 33.05 | 23.54 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.55
= 25.08
Based on the data provided, Moderna Inc's number of days of payables has fluctuated over the years. In 2023, the company took approximately 40.44 days to pay its creditors, which is an increase from 32.82 days in 2022 but a decrease from 42.12 days in 2021. It is worth noting the significant improvement compared to 844.70 days in 2020, indicating a substantial reduction in the time taken to settle payables. The absence of data for 2019 prevents a comprehensive trend analysis for that year. Overall, the recent trend suggests Moderna Inc is managing its payables more efficiently compared to previous years, which could positively impact its cash flow and working capital management.
Peer comparison
Dec 31, 2023