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Biogen Inc  (NAS:BIIB) Days Payable: 57.30 (As of Mar. 2019)

Biogen Inc's payable for the three months ended in Mar. 2019 was $378 Mil. Biogen Inc's Cost of Goods Sold for the three months ended in Mar. 2019 was $602 Mil. Hence, Biogen Inc's days payable for the three months ended in Mar. 2019 was 57.30.

NAS:BIIB' s Days Payable Range Over the Past 10 Years
Min: 69.07   Max: 148.21
Current: 69.95

69.07
148.21

During the past 13 years, Biogen Inc's highest Days Payable was 148.21. The lowest was 69.07. And the median was 91.08.

NAS:BIIB's Days Payable is ranked higher than
64% of the 758 Companies
in the Global industry.

( Industry Median: 76.32 vs. NAS:BIIB: 69.95 )

Biogen Inc's days payable declined from Mar. 2018 (70.75) to Mar. 2019 (57.30). It may suggest that Biogen Inc accelerated paying its suppliers.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Biogen Inc Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.44 78.69 69.07 88.56 74.45

Biogen Inc Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.75 64.09 67.78 69.21 57.30

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Biogen Inc Distribution

* The bar in red indicates where Biogen Inc's Days Payable falls into.



Calculation

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Biogen Inc's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=370.5/1816.3*365
=74.45

Biogen Inc's Days Payable for the quarter that ended in Mar. 2019 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=378/602*365 / 4
=57.30

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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