Vir Biotechnology Inc (VIR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.44 | 22.78 | 10.10 | 0.00 | 0.00 | |
| Number of days of payables | days | 836.13 | 16.02 | 36.14 | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.44
= 836.13
Based on the data provided, the number of days of payables for Vir Biotechnology Inc has exhibited significant variability over the past five years. In 2023, the company's number of days of payables stands at 836.13 days, a substantial increase from the previous year. This suggests that the company is taking longer to pay its suppliers and vendors compared to the prior year.
In 2022, the number of days of payables was only 16.02 days, indicating that the company was managing its payables efficiently and paying its obligations quickly. However, in 2023, the number of days of payables increased significantly, possibly indicating changes in the company's payment policies or financial constraints.
In 2021, the number of days of payables was 36.14 days, showing a moderate increase from the previous year. The lack of data for 2020 and 2019 makes it challenging to infer any trends or make comparisons for those years.
Overall, the substantial jump in the number of days of payables in 2023 raises potential concerns about the company's cash management practices and its relationships with suppliers. Further analysis and monitoring of this ratio are recommended to understand the underlying factors driving this increase and its implications for Vir Biotechnology Inc's financial health.
Peer comparison
Dec 31, 2023