Schrodinger Inc (SDGR)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		4.52	8.44	8.95	5.31
Number of days of payables	days	80.78	43.24	40.78	68.69

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.52
= 80.78

Analyzing Schrodinger Inc's number of days of payables over the past five years reveals fluctuations in the company's ability to pay its suppliers. The number of days of payables increased significantly from 2019 to 2020, indicating a possible delay in settling outstanding payables during that period. However, there was a noticeable improvement in 2021 as the number of days of payables decreased to 40.78 days, suggesting a more efficient management of supplier payments.

In 2022, there was a slight increase in the number of days of payables to 43.24 days, indicating a potential elongation in the payment cycle compared to the previous year. The most recent data for 2023 shows a further increase to 80.78 days, indicating that Schrodinger Inc may be taking longer to pay its suppliers, potentially impacting relationships and cash flow.

Overall, Schrodinger Inc's number of days of payables has shown variability over the past five years, highlighting the importance of monitoring and managing supplier payment terms to ensure effective cash flow management and healthy supplier relationships.