Arcus Biosciences Inc (RCUS)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.33 | 7.35 | 5.50 | 7.61 | 2.90 | |
| Number of days of payables | days | 43.80 | 49.64 | 66.36 | 47.94 | 125.65 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.33
= 43.80
The number of days of payables for Arcus Biosciences Inc has shown fluctuations over the past five years. Starting at 125.65 days on December 31, 2020, the company took approximately 125.65 days to pay its suppliers and vendors.
By December 31, 2021, the number of days of payables decreased significantly to 47.94 days, indicating that the company managed to reduce the time it takes to settle its payables. However, by the end of December 31, 2022, the number of days of payables increased to 66.36 days, suggesting a slight delay in payments compared to the previous year.
Subsequently, the trend reversed as of December 31, 2023, with the number of days of payables falling to 49.64 days, indicating that the company once again reduced the time taken to pay its obligations. The improvement continued into December 31, 2024, where the number of days of payables declined further to 43.80 days.
Overall, the varying number of days of payables implies changes in the company's payment practices and relationships with its suppliers and vendors over the years. Keeping track of this metric is essential for understanding Arcus Biosciences Inc's working capital management and liquidity position.
Peer comparison
Dec 31, 2024