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Gilead Sciences Inc. (GILD)
Analysis of Short-term (Operating) Activity Ratios
Beginner level
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Gilead Sciences Inc., short-term (operating) activity ratios
Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).
Short-term activity ratio | Description | The company |
---|---|---|
Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Gilead Sciences Inc.’s inventory turnover ratio improved from 2016 to 2017 and from 2017 to 2018. |
Receivables turnover | An activity ratio equal to revenue divided by receivables. | Gilead Sciences Inc.’s receivables turnover ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Gilead Sciences Inc.’s payables turnover ratio increased from 2016 to 2017 and from 2017 to 2018. |
Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Gilead Sciences Inc.’s working capital turnover ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Short-term activity ratio | Description | The company |
---|---|---|
Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Gilead Sciences Inc.’s number of days of inventory outstanding improved from 2016 to 2017 and from 2017 to 2018. |
Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | |
Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Gilead Sciences Inc.’s operating cycle improved from 2016 to 2017 and from 2017 to 2018. |
Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Gilead Sciences Inc.’s number of days of payables outstanding decreased from 2016 to 2017 and from 2017 to 2018. |
Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Gilead Sciences Inc.’s cash conversion cycle improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018. |
Inventory Turnover
Gilead Sciences Inc., inventory turnover calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data (US$ in millions) | ||||||
Cost of goods sold | ![]() |
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Inventories | ![]() |
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Short-term Activity Ratio | ||||||
Inventory turnover1 | ![]() |
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Benchmarks | ||||||
Inventory Turnover, Competitors2 | ||||||
Abbott Laboratories | ![]() |
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AbbVie Inc. | ![]() |
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Allergan PLC | ![]() |
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Amgen Inc. | ![]() |
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Biogen Inc. | ![]() |
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Bristol-Myers Squibb Co. | ![]() |
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Eli Lilly & Co. | ![]() |
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Johnson & Johnson | ![]() |
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Merck & Co. Inc. | ![]() |
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Pfizer Inc. | ![]() |
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Regeneron Pharmaceuticals Inc. | ![]() |
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Inventory Turnover, Sector | ||||||
Pharmaceuticals & Biotechnology | ![]() |
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Inventory Turnover, Industry | ||||||
Health Care | ![]() |
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Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).
1 2018 Calculation
Inventory turnover = Cost of goods sold ÷ Inventories
= ÷
=
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Gilead Sciences Inc.’s inventory turnover ratio improved from 2016 to 2017 and from 2017 to 2018. |
Receivables Turnover
Gilead Sciences Inc., receivables turnover calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data (US$ in millions) | ||||||
Product sales | ![]() |
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Accounts receivable, net of allowances | ![]() |
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Short-term Activity Ratio | ||||||
Receivables turnover1 | ![]() |
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Benchmarks | ||||||
Receivables Turnover, Competitors2 | ||||||
Abbott Laboratories | ![]() |
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AbbVie Inc. | ![]() |
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Allergan PLC | ![]() |
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Amgen Inc. | ![]() |
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Biogen Inc. | ![]() |
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Bristol-Myers Squibb Co. | ![]() |
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Eli Lilly & Co. | ![]() |
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Johnson & Johnson | ![]() |
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Merck & Co. Inc. | ![]() |
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Pfizer Inc. | ![]() |
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Regeneron Pharmaceuticals Inc. | ![]() |
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Receivables Turnover, Sector | ||||||
Pharmaceuticals & Biotechnology | ![]() |
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Receivables Turnover, Industry | ||||||
Health Care | ![]() |
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Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).
1 2018 Calculation
Receivables turnover = Product sales ÷ Accounts receivable, net of allowances
= ÷
=
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Receivables turnover | An activity ratio equal to revenue divided by receivables. | Gilead Sciences Inc.’s receivables turnover ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Payables Turnover
Gilead Sciences Inc., payables turnover calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data (US$ in millions) | ||||||
Cost of goods sold | ![]() |
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Accounts payable | ![]() |
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Short-term Activity Ratio | ||||||
Payables turnover1 | ![]() |
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Benchmarks | ||||||
Payables Turnover, Competitors2 | ||||||
Abbott Laboratories | ![]() |
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AbbVie Inc. | ![]() |
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Allergan PLC | ![]() |
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Amgen Inc. | ![]() |
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Biogen Inc. | ![]() |
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Bristol-Myers Squibb Co. | ![]() |
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Eli Lilly & Co. | ![]() |
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Johnson & Johnson | ![]() |
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Merck & Co. Inc. | ![]() |
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Pfizer Inc. | ![]() |
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Regeneron Pharmaceuticals Inc. | ![]() |
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Payables Turnover, Sector | ||||||
Pharmaceuticals & Biotechnology | ![]() |
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Payables Turnover, Industry | ||||||
Health Care | ![]() |
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Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).
1 2018 Calculation
Payables turnover = Cost of goods sold ÷ Accounts payable
= ÷
=
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Gilead Sciences Inc.’s payables turnover ratio increased from 2016 to 2017 and from 2017 to 2018. |
Working Capital Turnover
Gilead Sciences Inc., working capital turnover calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data (US$ in millions) | ||||||
Current assets | ![]() |
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Less: Current liabilities | ![]() |
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Working capital | ![]() |
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Product sales | ![]() |
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Short-term Activity Ratio | ||||||
Working capital turnover1 | ![]() |
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Benchmarks | ||||||
Working Capital Turnover, Competitors2 | ||||||
Abbott Laboratories | ![]() |
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AbbVie Inc. | ![]() |
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Allergan PLC | ![]() |
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Amgen Inc. | ![]() |
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|
Biogen Inc. | ![]() |
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Bristol-Myers Squibb Co. | ![]() |
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Eli Lilly & Co. | ![]() |
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Johnson & Johnson | ![]() |
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Merck & Co. Inc. | ![]() |
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Pfizer Inc. | ![]() |
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Regeneron Pharmaceuticals Inc. | ![]() |
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Working Capital Turnover, Sector | ||||||
Pharmaceuticals & Biotechnology | ![]() |
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Working Capital Turnover, Industry | ||||||
Health Care | ![]() |
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Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).
1 2018 Calculation
Working capital turnover = Product sales ÷ Working capital
= ÷
=
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Gilead Sciences Inc.’s working capital turnover ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Average Inventory Processing Period
Gilead Sciences Inc., average inventory processing period calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data | ||||||
Inventory turnover | ![]() |
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Short-term Activity Ratio (no. days) | ||||||
Average inventory processing period1 | ![]() |
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Benchmarks (no. days) | ||||||
Average Inventory Processing Period, Competitors2 | ||||||
Abbott Laboratories | ![]() |
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AbbVie Inc. | ![]() |
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Allergan PLC | ![]() |
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|
Amgen Inc. | ![]() |
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![]() |
![]() |
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|
Biogen Inc. | ![]() |
![]() |
![]() |
![]() |
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|
Bristol-Myers Squibb Co. | ![]() |
![]() |
![]() |
![]() |
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|
Eli Lilly & Co. | ![]() |
![]() |
![]() |
![]() |
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|
Johnson & Johnson | ![]() |
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|
Merck & Co. Inc. | ![]() |
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|
Pfizer Inc. | ![]() |
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Regeneron Pharmaceuticals Inc. | ![]() |
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Average Inventory Processing Period, Sector | ||||||
Pharmaceuticals & Biotechnology | ![]() |
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Average Inventory Processing Period, Industry | ||||||
Health Care | ![]() |
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Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).
1 2018 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ =
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Gilead Sciences Inc.’s number of days of inventory outstanding improved from 2016 to 2017 and from 2017 to 2018. |
Average Receivable Collection Period
Gilead Sciences Inc., average receivable collection period calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data | ||||||
Receivables turnover | ![]() |
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Short-term Activity Ratio (no. days) | ||||||
Average receivable collection period1 | ![]() |
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Benchmarks (no. days) | ||||||
Average Receivable Collection Period, Competitors2 | ||||||
Abbott Laboratories | ![]() |
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|
AbbVie Inc. | ![]() |
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|
Allergan PLC | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Amgen Inc. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Biogen Inc. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Bristol-Myers Squibb Co. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Eli Lilly & Co. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Johnson & Johnson | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Merck & Co. Inc. | ![]() |
![]() |
![]() |
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|
Pfizer Inc. | ![]() |
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|
Regeneron Pharmaceuticals Inc. | ![]() |
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|
Average Receivable Collection Period, Sector | ||||||
Pharmaceuticals & Biotechnology | ![]() |
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Average Receivable Collection Period, Industry | ||||||
Health Care | ![]() |
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Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).
1 2018 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ =
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. |
Operating Cycle
Gilead Sciences Inc., operating cycle calculation, comparison to benchmarks
No. days
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data | ||||||
Average inventory processing period | ![]() |
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Average receivable collection period | ![]() |
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Short-term Activity Ratio | ||||||
Operating cycle1 | ![]() |
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Benchmarks | ||||||
Operating Cycle, Competitors2 | ||||||
Abbott Laboratories | ![]() |
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AbbVie Inc. | ![]() |
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Allergan PLC | ![]() |
![]() |
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|
Amgen Inc. | ![]() |
![]() |
![]() |
![]() |
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|
Biogen Inc. | ![]() |
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![]() |
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|
Bristol-Myers Squibb Co. | ![]() |
![]() |
![]() |
![]() |
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|
Eli Lilly & Co. | ![]() |
![]() |
![]() |
![]() |
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|
Johnson & Johnson | ![]() |
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|
Merck & Co. Inc. | ![]() |
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|
Pfizer Inc. | ![]() |
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|
Regeneron Pharmaceuticals Inc. | ![]() |
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|
Operating Cycle, Sector | ||||||
Pharmaceuticals & Biotechnology | ![]() |
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Operating Cycle, Industry | ||||||
Health Care | ![]() |
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Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).
1 2018 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= +
=
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Gilead Sciences Inc.’s operating cycle improved from 2016 to 2017 and from 2017 to 2018. |
Average Payables Payment Period
Gilead Sciences Inc., average payables payment period calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data | ||||||
Payables turnover | ![]() |
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Short-term Activity Ratio (no. days) | ||||||
Average payables payment period1 | ![]() |
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Benchmarks (no. days) | ||||||
Average Payables Payment Period, Competitors2 | ||||||
Abbott Laboratories | ![]() |
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|
AbbVie Inc. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Allergan PLC | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Amgen Inc. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Biogen Inc. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Bristol-Myers Squibb Co. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Eli Lilly & Co. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Johnson & Johnson | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Merck & Co. Inc. | ![]() |
![]() |
![]() |
![]() |
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|
Pfizer Inc. | ![]() |
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![]() |
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|
Regeneron Pharmaceuticals Inc. | ![]() |
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|
Average Payables Payment Period, Sector | ||||||
Pharmaceuticals & Biotechnology | ![]() |
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Average Payables Payment Period, Industry | ||||||
Health Care | ![]() |
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Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).
1 2018 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Gilead Sciences Inc.’s number of days of payables outstanding decreased from 2016 to 2017 and from 2017 to 2018. |
Cash Conversion Cycle
Gilead Sciences Inc., cash conversion cycle calculation, comparison to benchmarks
No. days
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
---|---|---|---|---|---|---|
Selected Financial Data | ||||||
Average inventory processing period | ![]() |
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Average receivable collection period | ![]() |
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Average payables payment period | ![]() |
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Short-term Activity Ratio | ||||||
Cash conversion cycle1 | ![]() |
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Benchmarks | ||||||
Cash Conversion Cycle, Competitors2 | ||||||
Abbott Laboratories | ![]() |
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|
AbbVie Inc. | ![]() |
![]() |
![]() |
![]() |
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|
Allergan PLC | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Amgen Inc. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Biogen Inc. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Bristol-Myers Squibb Co. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Eli Lilly & Co. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Johnson & Johnson | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Merck & Co. Inc. | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Pfizer Inc. | ![]() |
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|
Regeneron Pharmaceuticals Inc. | ![]() |
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Cash Conversion Cycle, Sector | ||||||
Pharmaceuticals & Biotechnology | ![]() |
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Cash Conversion Cycle, Industry | ||||||
Health Care | ![]() |
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Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).
1 2018 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
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2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
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Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Gilead Sciences Inc.’s cash conversion cycle improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018. |