Schrodinger Inc (SDGR)

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
Payables turnover		4.52	7.51	6.31	6.54	8.44	7.47	15.31	7.89	8.95	8.09	9.79	6.93	5.31
Number of days of payables	days	80.78	48.57	57.87	55.85	43.24	48.83	23.85	46.28	40.78	45.13	37.29	52.67	68.69

December 31, 2023 calculation

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

The number of days of payables for Schrodinger Inc has displayed fluctuations over the past 8 quarters. In Q4 2023, the number of days of payables increased to 80.78 days, marking a significant rise from the previous quarter. This indicates that the company took longer to pay its suppliers, potentially affecting its cash flow and liquidity position.

Comparing with the same period last year, the current number of days of payables in Q4 2023 is notably higher, reflecting a potential change in the company's payment practices or supplier relationships. The trend in the number of days of payables suggests that Schrodinger Inc may be facing challenges in managing its payables efficiently.

Overall, monitoring the number of days of payables is crucial for understanding how effectively a company is managing its working capital and relationships with suppliers. Schrodinger Inc may need to further analyze the reasons behind the increase in days of payables to ensure sustainable financial health.