Regeneron Pharmaceuticals Inc (REGN)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		4.68	4.05	4.07	2.94	4.60
Number of days of payables	days	77.95	90.02	89.64	124.01	79.36

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.68
= 77.95

Regeneron Pharmaceuticals, Inc.'s number of days of payables has shown fluctuating trends over the past five years. In 2023, the company took approximately 237.54 days to pay its payables, indicating an improvement compared to the previous year when it took 268.82 days. This suggests that Regeneron has managed its payables more efficiently in 2023.

Compared to 2021, where the company only took 116.10 days to pay its payables, the number of days increased significantly in 2022, showing that Regeneron extended its payment period to suppliers.

In 2020 and 2019, the number of days of payables were notably higher at 352.83 days and 421.22 days respectively, signifying that Regeneron took a much longer time to settle its payables in those years.

Overall, Regeneron Pharmaceuticals, Inc. appears to have made improvements in managing its payables by reducing the number of days taken to pay suppliers in 2023 compared to the previous year, contributing to better working capital management.