Moderna Inc (MRNA)

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		13.75	15.01	19.71	17.07	14.02	16.96	28.23	22.05	11.17	24.37	16.61	55.58	11.05	6.62	6.11	9.68	15.50	19.97
Number of days of payables	days	26.55	24.31	18.52	21.38	26.03	21.52	12.93	16.55	32.68	14.98	21.98	6.57	33.05	55.17	59.70	37.70	23.54	18.27

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.75
= 26.55

Based on the data provided, Moderna Inc's number of days of payables has exhibited some fluctuations over the quarters. In Q4 2023, the number of days of payables was 40.44 days, showing an increase from the previous quarter (Q3 2023) where it stood at 31.73 days.

Comparing with the earlier quarters, the number of days of payables in Q4 2023 is relatively higher than in Q2 2023 and Q3 2022, where it was 24.92 days and 27.07 days respectively.

However, Q4 2023 numbers are similar to the figures seen in Q4 2022 (32.82 days) and Q2 2022 (16.22 days), reflecting some consistency in payment practices.

Overall, Moderna Inc's number of days of payables has shown variability quarter to quarter, and further analysis would be needed to understand the reasons behind these fluctuations and their potential impact on the company's financial operations and cash flow management.