Xencor Inc (XNCR)

Payables turnover

		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	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	63,479	58,052	57,933	57,564	54,889	52,013	50,412	48,184	45,137	40,165	37,028	35,396	34,389	32,235	30,865	29,392	27,685	25,453	26,622	25,822
Payables	US$ in thousands	13,914	14,967	14,097	15,341	10,088	14,618	15,747	11,905	14,001	9,131	7,112	7,663	8,954	13,109	10,513	10,313	10,189	8,304	8,994	5,485
Payables turnover		4.56	3.88	4.11	3.75	5.44	3.56	3.20	4.05	3.22	4.40	5.21	4.62	3.84	2.46	2.94	2.85	2.72	3.07	2.96	4.71

December 31, 2023 calculation

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

The payables turnover ratio for Xencor Inc has consistently been calculated as 0.00 in each of the quarters listed. This indicates that the company is not effectively utilizing its accounts payable to manage its cash flow or suppliers' credit terms. A payables turnover ratio of 0.00 suggests that Xencor Inc is not making payments to suppliers within the same accounting period, which may negatively impact relationships with suppliers and potentially lead to disruptions in the supply chain. Further investigation into the company's payables management practices and cash flow management would be advisable to address this issue.