Sarepta Therapeutics Inc (SRPT)

Number of days of payables

		Mar 31, 2024	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
Payables turnover		5.79	3.11	5.70	4.17	4.63	4.74	3.46	6.59	5.34	3.75	6.70	3.99	4.00	2.87	4.21	3.43	11.57	4.20	3.28	5.59
Number of days of payables	days	63.02	117.24	63.98	87.53	78.91	76.96	105.53	55.36	68.31	97.30	54.49	91.59	91.16	127.29	86.65	106.53	31.54	87.01	111.41	65.33

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.79
= 63.02

Sarepta Therapeutics Inc's number of days of payables has shown variability over the past several quarters. On average, the company takes approximately 85 days to pay its suppliers. Specifically, the number of days of payables has ranged from a low of 31.54 days on March 31, 2020, which indicates a relatively quick payment cycle, to a high of 127.29 days on December 31, 2020, signaling a considerably longer payables period.

There seems to be some inconsistency in the payment cycle, with fluctuations observed in different quarters. It is essential for Sarepta Therapeutics Inc to manage its payables effectively to maintain good relationships with its suppliers while ensuring efficient cash flow management. Further analysis and comparison with industry benchmarks could provide additional insights into the company's payment practices.