Xencor Inc (XNCR)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	63,479	54,889	45,137	34,389	27,686
Payables	US$ in thousands	13,914	10,088	14,001	8,954	10,189
Payables turnover		4.56	5.44	3.22	3.84	2.72

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $63,479K ÷ $13,914K
= 4.56

The payables turnover ratio for Xencor Inc has been consistently reported as 0.00 for the past five years from 2019 to 2023. This indicates that the company is not effectively managing its accounts payable in relation to cost of goods sold. A payables turnover ratio of 0.00 may suggest that the company is not utilizing its resources efficiently or may have a high level of accounts payable outstanding for an extended period of time. Further investigation and analysis are warranted to understand the reasons behind this low or non-existent payables turnover ratio and to assess the company's liquidity and working capital management practices.