Gilead Sciences Inc. (GILD)
Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Difficulty: Beginner
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 (quarterly data)
Based on: 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-06), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-09), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-07), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-07), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-08), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-11-05), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-07).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Gilead Sciences Inc.’s payables turnover ratio increased from Q4 2018 to Q1 2019 but then slightly declined from Q1 2019 to Q2 2019. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. |
| 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. | |
| 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. | |
| 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 declined from Q4 2018 to Q1 2019 but then slightly increased from Q1 2019 to Q2 2019. |
| 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. |
Inventory Turnover
Gilead Sciences Inc., inventory turnover calculation (quarterly data)
| Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
| Cost of goods sold | 1,000 | 957 | 1,570 | 1,086 | 1,196 | 1,001 | 1,256 | 1,032 | 1,126 | 957 | 1,075 | 1,129 | 864 | 1,193 | 1,062 | 1,064 | 998 | 882 | 1,063 | 987 | 925 | 813 | |
| Inventories | 884 | 898 | 814 | 816 | 859 | 885 | 801 | 1,144 | 1,408 | 1,474 | 1,587 | 1,900 | 1,862 | 1,880 | 1,955 | 1,988 | 2,039 | 1,908 | 1,386 | 1,910 | 2,069 | 2,140 | |
| Short-term Activity Ratio | |||||||||||||||||||||||
| Inventory turnover1 | 5.22 | 5.36 | 5.96 | 5.56 | 5.22 | 4.99 | 5.46 | 3.66 | 3.04 | 2.73 | 2.68 | 2.24 | 2.25 | 2.30 | 2.05 | 2.02 | 1.93 | 2.02 | 2.73 | — | — | — | |
| Benchmarks | |||||||||||||||||||||||
| Inventory Turnover, Competitors2 | |||||||||||||||||||||||
| Abbott Laboratories | 2.94 | 3.13 | 3.35 | 3.38 | 3.36 | 3.23 | 3.43 | 3.27 | 3.00 | 2.49 | 3.71 | 3.41 | 3.15 | 3.16 | 3.37 | 3.37 | 3.27 | 3.44 | 3.49 | — | — | — | |
| AbbVie Inc. | 3.89 | 4.40 | 4.81 | 4.47 | 4.91 | 4.23 | 4.39 | 3.54 | 3.92 | 4.26 | 4.04 | 3.53 | 3.08 | 2.75 | 2.62 | 2.25 | 2.51 | 4.18 | 3.94 | — | — | — | |
| Allergan PLC | 2.33 | 2.30 | 2.59 | 2.44 | 2.35 | 2.36 | 2.40 | 2.30 | 2.08 | 2.03 | 2.59 | 2.55 | 3.55 | 4.18 | 4.76 | 4.84 | 2.46 | 1.93 | 3.04 | — | — | — | |
| Amgen Inc. | 1.32 | 1.40 | 1.39 | 1.35 | 1.31 | 1.36 | 1.44 | 1.39 | 1.39 | 1.44 | 1.52 | 1.55 | 1.56 | 1.64 | 1.74 | 1.71 | 1.70 | 1.63 | 1.67 | — | — | — | |
| Biogen Inc. | 2.61 | 2.56 | 1.95 | 2.00 | 1.87 | 1.90 | 1.81 | 1.49 | 1.65 | 1.68 | 1.48 | 1.42 | 1.33 | 1.29 | 1.39 | 1.31 | 1.38 | 1.46 | 1.46 | — | — | — | |
| Bristol-Myers Squibb Co. | 5.48 | 5.31 | 5.48 | 5.09 | 5.20 | 5.19 | 5.20 | 4.62 | 4.53 | 3.72 | 3.99 | 3.05 | 3.00 | 3.08 | 3.20 | 3.47 | 2.94 | 2.65 | 2.52 | — | — | — | |
| Celgene Corp. | 1.33 | 1.34 | 1.28 | 1.05 | 0.90 | 0.90 | 0.85 | 0.85 | 0.84 | 0.87 | 0.88 | 0.85 | 0.88 | 0.90 | 0.95 | 0.99 | 0.98 | 1.04 | 0.98 | — | — | — | |
| Eli Lilly & Co. | 1.70 | 1.96 | 1.56 | 1.57 | 1.56 | 1.36 | 1.36 | 1.34 | 1.32 | 1.40 | 1.59 | 1.44 | 1.44 | 1.38 | 1.46 | 1.43 | 1.50 | 1.65 | 1.80 | — | — | — | |
| Johnson & Johnson | 2.93 | 2.98 | 3.15 | 3.15 | 3.14 | 2.95 | 2.89 | 2.48 | 2.29 | 2.45 | 2.66 | 2.57 | 2.53 | 2.64 | 2.67 | 2.65 | 2.64 | 2.79 | 2.78 | — | — | — | |
| Merck & Co. Inc. | 2.29 | 2.34 | 2.48 | 2.52 | 2.56 | 2.41 | 2.51 | 2.41 | 2.37 | 2.59 | 2.85 | 2.75 | 2.81 | 2.93 | 3.18 | 2.90 | 2.88 | 2.97 | 3.01 | — | — | — | |
| Pfizer Inc. | 1.31 | 1.38 | 1.50 | 1.40 | 1.43 | 1.39 | 1.48 | 1.41 | 1.51 | 1.61 | 1.82 | 1.67 | 1.53 | 1.41 | 1.28 | 1.16 | 1.57 | 1.62 | 1.69 | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 0.16 | 0.15 | 0.16 | 0.18 | 0.22 | 0.26 | 0.28 | 0.30 | 0.32 | 0.38 | 0.49 | 0.64 | 0.82 | 0.92 | 1.01 | 1.09 | 1.02 | 1.08 | 1.00 | — | — | — | |
Based on: 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-06), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-09), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-07), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-07), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-08), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-11-05), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-07).
1 Q2 2019 Calculation
Inventory turnover
= (Cost of goods soldQ2 2019
+ Cost of goods soldQ1 2019
+ Cost of goods soldQ4 2018
+ Cost of goods soldQ3 2018)
÷ Inventories
= (1,000 + 957 + 1,570 + 1,086)
÷ 884 = 5.22
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. |
Receivables Turnover
Gilead Sciences Inc., receivables turnover calculation (quarterly data)
| Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
| Product sales | 5,607 | 5,200 | 5,681 | 5,455 | 5,540 | 5,001 | 5,837 | 6,402 | 7,046 | 6,377 | 7,216 | 7,405 | 7,651 | 7,681 | 8,409 | 8,211 | 8,126 | 7,405 | 7,222 | 5,968 | 6,413 | 4,871 | |
| Accounts receivable, net of allowances | 3,396 | 3,283 | 3,327 | 3,465 | 3,541 | 3,775 | 3,851 | 4,122 | 4,478 | 4,034 | 4,514 | 5,075 | 5,752 | 6,163 | 5,854 | 6,105 | 5,331 | 4,835 | 4,635 | 2,850 | 3,437 | 3,236 | |
| Short-term Activity Ratio | |||||||||||||||||||||||
| Receivables turnover1 | 6.46 | 6.66 | 6.52 | 6.30 | 6.43 | 6.43 | 6.66 | 6.56 | 6.26 | 7.10 | 6.64 | 6.14 | 5.55 | 5.26 | 5.49 | 5.07 | 5.39 | 5.59 | 5.28 | — | — | — | |
| Benchmarks | |||||||||||||||||||||||
| Receivables Turnover, Competitors2 | |||||||||||||||||||||||
| Abbott Laboratories | 5.58 | 5.75 | 5.90 | 5.77 | 5.70 | 5.31 | 5.22 | 5.24 | 5.10 | 4.95 | 6.42 | 6.24 | 5.76 | 5.95 | 5.97 | 5.95 | 5.77 | 5.86 | 5.65 | — | — | — | |
| AbbVie Inc. | 5.95 | 5.75 | 6.08 | 5.57 | 5.34 | 5.07 | 5.55 | 5.58 | 5.50 | 5.61 | 5.39 | 5.05 | 4.90 | 5.00 | 4.83 | 4.79 | 4.81 | 4.85 | 5.34 | — | — | — | |
| Allergan PLC | 5.08 | 5.75 | 5.50 | 5.67 | 5.85 | 6.08 | 5.50 | 5.51 | 5.39 | 5.80 | 5.76 | 5.57 | 5.56 | 6.00 | 6.28 | 7.68 | 3.63 | 3.25 | 5.51 | — | — | — | |
| Amgen Inc. | 5.89 | 5.96 | 6.29 | 6.42 | 6.29 | 6.04 | 6.73 | 6.43 | 6.17 | 6.73 | 6.92 | 6.77 | 7.00 | 6.92 | 6.99 | 7.17 | 7.24 | 7.79 | 7.59 | — | — | — | |
| Biogen Inc. | 5.70 | 5.29 | 5.56 | 5.34 | 5.44 | 5.41 | 5.79 | 6.47 | 6.17 | 6.59 | 6.81 | 6.64 | 7.42 | 6.68 | 7.49 | 6.82 | 6.69 | 6.21 | 6.35 | — | — | — | |
| Celgene Corp. | 6.67 | 6.77 | 7.39 | 6.94 | 6.83 | 6.81 | 6.75 | 6.87 | 7.03 | 7.21 | 6.90 | 6.77 | 6.66 | 6.76 | 6.45 | 6.82 | 6.53 | 6.71 | 6.48 | — | — | — | |
| Eli Lilly & Co. | 5.04 | 5.70 | 4.68 | 5.00 | 4.95 | 5.19 | 5.03 | 5.11 | 5.06 | 5.37 | 5.27 | 5.41 | 5.22 | 5.57 | 5.68 | 5.79 | 5.86 | 6.23 | 6.06 | — | — | — | |
| Johnson & Johnson | 5.55 | 5.78 | 5.79 | 5.79 | 5.72 | 5.56 | 5.67 | 5.65 | 5.46 | 5.87 | 6.14 | 6.07 | 5.88 | 6.15 | 6.53 | 6.20 | 6.01 | 6.38 | 6.77 | — | — | — | |
| Merck & Co. Inc. | 5.57 | 5.66 | 5.98 | 5.66 | 5.66 | 5.62 | 5.84 | 5.19 | 5.38 | 5.65 | 5.67 | 5.42 | 5.70 | 5.75 | 6.09 | 6.20 | 6.18 | 6.21 | 6.37 | — | — | — | |
| Pfizer Inc. | 5.48 | 5.61 | 6.68 | 5.32 | 5.39 | 5.57 | 6.39 | 5.25 | 5.52 | 5.92 | 6.42 | 5.41 | 5.72 | 5.65 | 5.97 | 5.03 | 5.38 | 5.51 | 5.72 | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 2.31 | 2.44 | 2.38 | 2.39 | 2.56 | 2.51 | 2.42 | 2.35 | 2.47 | 2.55 | 2.49 | 2.42 | 2.17 | 2.02 | 2.33 | 2.26 | 2.03 | 1.90 | 2.37 | — | — | — | |
Based on: 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-06), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-09), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-07), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-07), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-08), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-11-05), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-07).
1 Q2 2019 Calculation
Receivables turnover
= (Product salesQ2 2019
+ Product salesQ1 2019
+ Product salesQ4 2018
+ Product salesQ3 2018)
÷ Accounts receivable, net of allowances
= (5,607 + 5,200 + 5,681 + 5,455)
÷ 3,396 = 6.46
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. |
Payables Turnover
Gilead Sciences Inc., payables turnover calculation (quarterly data)
| Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
| Cost of goods sold | 1,000 | 957 | 1,570 | 1,086 | 1,196 | 1,001 | 1,256 | 1,032 | 1,126 | 957 | 1,075 | 1,129 | 864 | 1,193 | 1,062 | 1,064 | 998 | 882 | 1,063 | 987 | 925 | 813 | |
| Accounts payable | 617 | 577 | 790 | 580 | 623 | 711 | 814 | 696 | 819 | 944 | 1,206 | 1,052 | 1,122 | 945 | 1,178 | 1,239 | 1,571 | 1,011 | 955 | 1,183 | 1,162 | 1,235 | |
| Short-term Activity Ratio | |||||||||||||||||||||||
| Payables turnover1 | 7.48 | 8.33 | 6.14 | 7.83 | 7.20 | 6.21 | 5.37 | 6.02 | 5.23 | 4.26 | 3.53 | 4.04 | 3.73 | 4.57 | 3.40 | 3.23 | 2.50 | 3.81 | 3.97 | — | — | — | |
| Benchmarks | |||||||||||||||||||||||
| Payables Turnover, Competitors2 | |||||||||||||||||||||||
| Abbott Laboratories | 3.97 | 4.20 | 4.27 | 4.68 | 4.98 | 4.99 | 5.14 | 6.13 | 6.49 | 6.70 | 7.66 | 8.49 | 7.70 | 8.36 | 8.09 | 8.82 | 8.96 | 8.92 | 8.66 | — | — | — | |
| Amgen Inc. | 4.20 | 3.86 | 3.40 | 3.90 | 3.92 | 3.69 | 3.01 | 4.64 | 4.66 | 4.59 | 4.54 | 5.05 | 4.80 | 5.15 | 4.38 | 4.07 | 4.68 | 4.92 | 3.65 | — | — | — | |
| Biogen Inc. | 5.38 | 5.22 | 4.90 | 5.37 | 5.91 | 4.89 | 4.12 | 5.02 | 4.68 | 4.90 | 5.28 | 5.23 | 5.87 | 4.57 | 4.64 | 4.80 | 4.24 | 5.10 | 5.11 | — | — | — | |
| Bristol-Myers Squibb Co. | 3.58 | 3.44 | 3.46 | 3.68 | 3.45 | 3.70 | 2.70 | 3.40 | 3.55 | 3.43 | 2.97 | 3.21 | 2.86 | 2.67 | 2.50 | 3.14 | 2.08 | 1.62 | 1.58 | — | — | — | |
| Celgene Corp. | 1.89 | 1.74 | 1.40 | 1.84 | 1.69 | 1.51 | 1.51 | 1.73 | 1.64 | 1.85 | 1.77 | 1.83 | 1.88 | 1.92 | 1.74 | 2.21 | 1.98 | 1.98 | 1.95 | — | — | — | |
| Eli Lilly & Co. | 4.52 | 5.13 | 4.55 | 5.04 | 4.91 | 4.98 | 4.30 | 4.93 | 4.57 | 4.64 | 4.19 | 4.80 | 4.48 | 4.49 | 3.76 | 4.16 | 4.28 | 4.16 | 4.37 | — | — | — | |
| Johnson & Johnson | 3.92 | 3.91 | 3.59 | 3.91 | 4.25 | 4.13 | 3.47 | 3.70 | 3.62 | 3.57 | 3.13 | 3.65 | 3.56 | 3.62 | 3.23 | 3.66 | 3.57 | 3.36 | 2.98 | — | — | — | |
| Merck & Co. Inc. | 4.25 | 4.43 | 4.07 | 4.41 | 4.39 | 4.09 | 4.12 | 4.85 | 4.37 | 5.37 | 4.95 | 5.81 | 5.87 | 6.67 | 5.90 | 7.33 | 6.55 | 7.86 | 6.39 | — | — | — | |
| Pfizer Inc. | 2.69 | 2.68 | 2.41 | 2.66 | 2.76 | 2.92 | 2.41 | 3.22 | 3.33 | 3.52 | 2.72 | 3.60 | 3.57 | 3.41 | 2.67 | 2.71 | 3.10 | 3.44 | 2.98 | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 0.87 | 0.76 | 0.82 | 1.10 | 1.19 | 1.01 | 1.14 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
Based on: 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-06), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-09), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-07), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-07), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-08), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-11-05), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-07).
1 Q2 2019 Calculation
Payables turnover
= (Cost of goods soldQ2 2019
+ Cost of goods soldQ1 2019
+ Cost of goods soldQ4 2018
+ Cost of goods soldQ3 2018)
÷ Accounts payable
= (1,000 + 957 + 1,570 + 1,086)
÷ 617 = 7.48
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 Q4 2018 to Q1 2019 but then slightly declined from Q1 2019 to Q2 2019. |
Working Capital Turnover
Gilead Sciences Inc., working capital turnover calculation (quarterly data)
| Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
| Current assets | 33,727 | 34,024 | 35,836 | 34,918 | 32,728 | 30,258 | 31,823 | 35,317 | 28,592 | 21,424 | 20,445 | 21,425 | 18,353 | 19,267 | 24,763 | 25,910 | 18,093 | 20,062 | 17,714 | 12,562 | 15,499 | 12,971 | |
| Less: Current liabilities | 8,961 | 9,397 | 10,605 | 10,116 | 10,912 | 10,670 | 11,635 | 9,597 | 8,492 | 8,282 | 9,219 | 11,073 | 10,444 | 10,910 | 9,891 | 9,360 | 8,925 | 7,428 | 5,761 | 6,055 | 6,228 | 5,915 | |
| Working capital | 24,766 | 24,627 | 25,231 | 24,802 | 21,816 | 19,588 | 20,188 | 25,720 | 20,100 | 13,142 | 11,226 | 10,352 | 7,909 | 8,357 | 14,872 | 16,550 | 9,168 | 12,634 | 11,953 | 6,507 | 9,271 | 7,056 | |
| Product sales | 5,607 | 5,200 | 5,681 | 5,455 | 5,540 | 5,001 | 5,837 | 6,402 | 7,046 | 6,377 | 7,216 | 7,405 | 7,651 | 7,681 | 8,409 | 8,211 | 8,126 | 7,405 | 7,222 | 5,968 | 6,413 | 4,871 | |
| Short-term Activity Ratio | |||||||||||||||||||||||
| Working capital turnover1 | 0.89 | 0.89 | 0.86 | 0.88 | 1.04 | 1.24 | 1.27 | 1.05 | 1.40 | 2.18 | 2.67 | 3.01 | 4.04 | 3.88 | 2.16 | 1.87 | 3.13 | 2.14 | 2.05 | — | — | — | |
| Benchmarks | |||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | |||||||||||||||||||||||
| Abbott Laboratories | 5.04 | 5.80 | 5.44 | 5.61 | 5.72 | 4.78 | 2.44 | 1.87 | 1.79 | 1.76 | 1.04 | 4.45 | 4.76 | 5.08 | 4.11 | 2.88 | 1.72 | 1.89 | 4.28 | — | — | — | |
| AbbVie Inc. | — | 64.14 | — | 10.46 | — | 8.75 | 6.16 | 4.62 | 5.68 | 3.91 | 4.00 | 3.51 | 3.29 | 3.99 | 4.22 | 2.41 | 3.73 | 4.69 | 4.26 | — | — | — | |
| Allergan PLC | 58.26 | — | 21.12 | — | — | 27.78 | 10.43 | 9.97 | 8.39 | 4.46 | 1.46 | 0.56 | — | — | 52.49 | 1.93 | 5.66 | 3.86 | 7.01 | — | — | — | |
| Amgen Inc. | 1.11 | 1.00 | 0.93 | 0.85 | 0.82 | 0.73 | 0.54 | 0.53 | 0.54 | 0.61 | 0.63 | 0.61 | 0.67 | 0.63 | 0.70 | 0.66 | 0.65 | 0.69 | 0.70 | — | — | — | |
| Biogen Inc. | 2.38 | 1.91 | 2.51 | 1.94 | 2.48 | 1.49 | 2.30 | 2.46 | 2.70 | 2.56 | 1.85 | 1.74 | 1.95 | 2.11 | 2.23 | 1.36 | 2.86 | 2.61 | 3.34 | — | — | — | |
| Bristol-Myers Squibb Co. | 0.82 | 2.71 | 3.32 | 4.04 | 5.09 | 3.91 | 3.64 | 3.39 | 3.52 | 3.58 | 3.64 | 3.98 | 3.58 | 4.13 | 5.86 | 2.33 | 2.26 | 1.65 | 1.90 | — | — | — | |
| Celgene Corp. | 1.82 | 2.24 | 3.05 | 3.55 | 6.00 | 2.85 | 1.09 | 1.16 | 1.23 | 1.30 | 1.41 | 1.55 | 1.41 | 1.47 | 1.23 | 1.24 | 1.20 | 1.05 | 1.00 | — | — | — | |
| Eli Lilly & Co. | 14.53 | 17.59 | 2.84 | 2.46 | 4.52 | 4.95 | 4.90 | 4.72 | 4.94 | 8.54 | 5.16 | 4.08 | 4.50 | 4.61 | 4.59 | 4.62 | 4.77 | 5.76 | 20.17 | — | — | — | |
| Johnson & Johnson | 7.79 | 6.34 | 5.51 | 4.12 | 4.49 | 5.02 | 6.09 | 7.42 | 7.31 | 1.89 | 1.86 | 1.79 | 1.58 | 1.73 | 2.16 | 1.84 | 1.97 | 2.14 | 2.17 | — | — | — | |
| Merck & Co. Inc. | 10.53 | 6.33 | 11.53 | 5.06 | 6.95 | 5.72 | 6.52 | 4.71 | 4.25 | 3.41 | 2.97 | 2.87 | 3.03 | 3.52 | 3.74 | 3.62 | 3.72 | 3.32 | 2.93 | — | — | — | |
| Pfizer Inc. | 3.57 | 3.39 | 2.97 | 4.25 | 10.34 | 7.05 | 4.90 | 4.35 | 5.69 | 4.78 | 6.74 | 14.23 | 4.45 | 4.06 | 3.39 | 2.79 | 1.75 | 1.68 | 1.38 | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 0.90 | 0.78 | 0.82 | 0.93 | 1.13 | 1.17 | 1.16 | 1.20 | 1.24 | 1.45 | 1.72 | 1.27 | 1.38 | 1.32 | 1.28 | 1.27 | 1.29 | 1.09 | 1.16 | — | — | — | |
Based on: 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-06), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-09), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-07), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-07), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-08), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-11-05), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-07).
1 Q2 2019 Calculation
Working capital turnover
= (Product salesQ2 2019
+ Product salesQ1 2019
+ Product salesQ4 2018
+ Product salesQ3 2018)
÷ Working capital
= (5,607 + 5,200 + 5,681 + 5,455)
÷ 24,766 = 0.89
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. |
Average Inventory Processing Period
Gilead Sciences Inc., average inventory processing period calculation (quarterly data)
| Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||
| Inventory turnover | 5.22 | 5.36 | 5.96 | 5.56 | 5.22 | 4.99 | 5.46 | 3.66 | 3.04 | 2.73 | 2.68 | 2.24 | 2.25 | 2.30 | 2.05 | 2.02 | 1.93 | 2.02 | 2.73 | — | — | — | |
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||
| Average inventory processing period1 | 70 | 68 | 61 | 66 | 70 | 73 | 67 | 100 | 120 | 134 | 136 | 163 | 162 | 159 | 178 | 181 | 189 | 181 | 134 | — | — | — | |
| Benchmarks (no. days) | |||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | |||||||||||||||||||||||
| Abbott Laboratories | 124 | 116 | 109 | 108 | 109 | 113 | 107 | 112 | 122 | 147 | 98 | 107 | 116 | 115 | 108 | 108 | 111 | 106 | 105 | — | — | — | |
| AbbVie Inc. | 94 | 83 | 76 | 82 | 74 | 86 | 83 | 103 | 93 | 86 | 90 | 103 | 118 | 133 | 139 | 162 | 146 | 87 | 93 | — | — | — | |
| Allergan PLC | 157 | 159 | 141 | 150 | 155 | 155 | 152 | 159 | 176 | 180 | 141 | 143 | 103 | 87 | 77 | 75 | 148 | 189 | 120 | — | — | — | |
| Amgen Inc. | 276 | 261 | 262 | 271 | 278 | 268 | 254 | 262 | 263 | 253 | 241 | 235 | 234 | 223 | 210 | 213 | 214 | 225 | 218 | — | — | — | |
| Biogen Inc. | 140 | 143 | 187 | 182 | 195 | 192 | 202 | 245 | 221 | 217 | 247 | 257 | 274 | 284 | 263 | 278 | 264 | 250 | 251 | — | — | — | |
| Bristol-Myers Squibb Co. | 67 | 69 | 67 | 72 | 70 | 70 | 70 | 79 | 81 | 98 | 92 | 120 | 122 | 119 | 114 | 105 | 124 | 138 | 145 | — | — | — | |
| Celgene Corp. | 274 | 273 | 285 | 347 | 407 | 405 | 428 | 430 | 437 | 417 | 415 | 431 | 414 | 407 | 385 | 368 | 373 | 350 | 372 | — | — | — | |
| Eli Lilly & Co. | 214 | 186 | 233 | 233 | 235 | 268 | 268 | 272 | 276 | 260 | 230 | 254 | 253 | 264 | 250 | 255 | 243 | 222 | 203 | — | — | — | |
| Johnson & Johnson | 125 | 122 | 116 | 116 | 116 | 124 | 126 | 147 | 159 | 149 | 137 | 142 | 144 | 138 | 136 | 138 | 138 | 131 | 131 | — | — | — | |
| Merck & Co. Inc. | 160 | 156 | 147 | 145 | 142 | 152 | 146 | 151 | 154 | 141 | 128 | 133 | 130 | 125 | 115 | 126 | 127 | 123 | 121 | — | — | — | |
| Pfizer Inc. | 279 | 264 | 244 | 261 | 254 | 262 | 246 | 258 | 242 | 227 | 201 | 219 | 238 | 259 | 284 | 314 | 233 | 225 | 216 | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 2,260 | 2,429 | 2,334 | 2,011 | 1,659 | 1,423 | 1,309 | 1,205 | 1,138 | 963 | 749 | 570 | 446 | 398 | 360 | 334 | 357 | 339 | 365 | — | — | — | |
Based on: 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-06), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-09), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-07), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-07), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-08), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-11-05), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-07).
1 Q2 2019 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 5.22 = 70
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. |
Average Receivable Collection Period
Gilead Sciences Inc., average receivable collection period calculation (quarterly data)
| Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||
| Receivables turnover | 6.46 | 6.66 | 6.52 | 6.30 | 6.43 | 6.43 | 6.66 | 6.56 | 6.26 | 7.10 | 6.64 | 6.14 | 5.55 | 5.26 | 5.49 | 5.07 | 5.39 | 5.59 | 5.28 | — | — | — | |
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||
| Average receivable collection period1 | 56 | 55 | 56 | 58 | 57 | 57 | 55 | 56 | 58 | 51 | 55 | 59 | 66 | 69 | 66 | 72 | 68 | 65 | 69 | — | — | — | |
| Benchmarks (no. days) | |||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | |||||||||||||||||||||||
| Abbott Laboratories | 65 | 64 | 62 | 63 | 64 | 69 | 70 | 70 | 72 | 74 | 57 | 59 | 63 | 61 | 61 | 61 | 63 | 62 | 65 | — | — | — | |
| AbbVie Inc. | 61 | 64 | 60 | 66 | 68 | 72 | 66 | 65 | 66 | 65 | 68 | 72 | 74 | 73 | 76 | 76 | 76 | 75 | 68 | — | — | — | |
| Allergan PLC | 72 | 63 | 66 | 64 | 62 | 60 | 66 | 66 | 68 | 63 | 63 | 65 | 66 | 61 | 58 | 48 | 100 | 112 | 66 | — | — | — | |
| Amgen Inc. | 62 | 61 | 58 | 57 | 58 | 60 | 54 | 57 | 59 | 54 | 53 | 54 | 52 | 53 | 52 | 51 | 50 | 47 | 48 | — | — | — | |
| Biogen Inc. | 64 | 69 | 66 | 68 | 67 | 67 | 63 | 56 | 59 | 55 | 54 | 55 | 49 | 55 | 49 | 54 | 55 | 59 | 58 | — | — | — | |
| Celgene Corp. | 55 | 54 | 49 | 53 | 53 | 54 | 54 | 53 | 52 | 51 | 53 | 54 | 55 | 54 | 57 | 54 | 56 | 54 | 56 | — | — | — | |
| Eli Lilly & Co. | 72 | 64 | 78 | 73 | 74 | 70 | 73 | 71 | 72 | 68 | 69 | 67 | 70 | 66 | 64 | 63 | 62 | 59 | 60 | — | — | — | |
| Johnson & Johnson | 66 | 63 | 63 | 63 | 64 | 66 | 64 | 65 | 67 | 62 | 59 | 60 | 62 | 59 | 56 | 59 | 61 | 57 | 54 | — | — | — | |
| Merck & Co. Inc. | 66 | 64 | 61 | 64 | 64 | 65 | 63 | 70 | 68 | 65 | 64 | 67 | 64 | 63 | 60 | 59 | 59 | 59 | 57 | — | — | — | |
| Pfizer Inc. | 67 | 65 | 55 | 69 | 68 | 65 | 57 | 70 | 66 | 62 | 57 | 67 | 64 | 65 | 61 | 73 | 68 | 66 | 64 | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 158 | 149 | 153 | 152 | 143 | 145 | 151 | 155 | 148 | 143 | 147 | 151 | 168 | 181 | 156 | 161 | 180 | 192 | 154 | — | — | — | |
Based on: 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-06), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-09), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-07), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-07), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-08), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-11-05), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-07).
1 Q2 2019 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 6.46 = 56
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 (quarterly data)
No. days
| Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||
| Average inventory processing period | 70 | 68 | 61 | 66 | 70 | 73 | 67 | 100 | 120 | 134 | 136 | 163 | 162 | 159 | 178 | 181 | 189 | 181 | 134 | — | — | — | |
| Average receivable collection period | 56 | 55 | 56 | 58 | 57 | 57 | 55 | 56 | 58 | 51 | 55 | 59 | 66 | 69 | 66 | 72 | 68 | 65 | 69 | — | — | — | |
| Short-term Activity Ratio | |||||||||||||||||||||||
| Operating cycle1 | 126 | 123 | 117 | 124 | 127 | 130 | 122 | 156 | 178 | 185 | 191 | 222 | 228 | 228 | 244 | 253 | 257 | 246 | 203 | — | — | — | |
| Benchmarks | |||||||||||||||||||||||
| Operating Cycle, Competitors2 | |||||||||||||||||||||||
| Abbott Laboratories | 189 | 180 | 171 | 171 | 173 | 182 | 177 | 182 | 194 | 221 | 155 | 166 | 179 | 176 | 169 | 169 | 174 | 168 | 170 | — | — | — | |
| AbbVie Inc. | 155 | 147 | 136 | 148 | 142 | 158 | 149 | 168 | 159 | 151 | 158 | 175 | 192 | 206 | 215 | 238 | 222 | 162 | 161 | — | — | — | |
| Allergan PLC | 229 | 222 | 207 | 214 | 217 | 215 | 218 | 225 | 244 | 243 | 204 | 208 | 169 | 148 | 135 | 123 | 248 | 301 | 186 | — | — | — | |
| Amgen Inc. | 338 | 322 | 320 | 328 | 336 | 328 | 308 | 319 | 322 | 307 | 294 | 289 | 286 | 276 | 262 | 264 | 264 | 272 | 266 | — | — | — | |
| Biogen Inc. | 204 | 212 | 253 | 250 | 262 | 259 | 265 | 301 | 280 | 272 | 301 | 312 | 323 | 339 | 312 | 332 | 319 | 309 | 309 | — | — | — | |
| Celgene Corp. | 329 | 327 | 334 | 400 | 460 | 459 | 482 | 483 | 489 | 468 | 468 | 485 | 469 | 461 | 442 | 422 | 429 | 404 | 428 | — | — | — | |
| Eli Lilly & Co. | 286 | 250 | 311 | 306 | 309 | 338 | 341 | 343 | 348 | 328 | 299 | 321 | 323 | 330 | 314 | 318 | 305 | 281 | 263 | — | — | — | |
| Johnson & Johnson | 191 | 185 | 179 | 179 | 180 | 190 | 190 | 212 | 226 | 211 | 196 | 202 | 206 | 197 | 192 | 197 | 199 | 188 | 185 | — | — | — | |
| Merck & Co. Inc. | 226 | 220 | 208 | 209 | 206 | 217 | 209 | 221 | 222 | 206 | 192 | 200 | 194 | 188 | 175 | 185 | 186 | 182 | 178 | — | — | — | |
| Pfizer Inc. | 346 | 329 | 299 | 330 | 322 | 327 | 303 | 328 | 308 | 289 | 258 | 286 | 302 | 324 | 345 | 387 | 301 | 291 | 280 | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 2,418 | 2,578 | 2,487 | 2,163 | 1,802 | 1,568 | 1,460 | 1,360 | 1,286 | 1,106 | 896 | 721 | 614 | 579 | 516 | 495 | 537 | 531 | 519 | — | — | — | |
Based on: 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-06), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-09), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-07), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-07), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-08), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-11-05), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-07).
1 Q2 2019 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 70 + 56 = 126
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. |
Average Payables Payment Period
Gilead Sciences Inc., average payables payment period calculation (quarterly data)
| Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||
| Payables turnover | 7.48 | 8.33 | 6.14 | 7.83 | 7.20 | 6.21 | 5.37 | 6.02 | 5.23 | 4.26 | 3.53 | 4.04 | 3.73 | 4.57 | 3.40 | 3.23 | 2.50 | 3.81 | 3.97 | — | — | — | |
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||
| Average payables payment period1 | 49 | 44 | 59 | 47 | 51 | 59 | 68 | 61 | 70 | 86 | 103 | 90 | 98 | 80 | 107 | 113 | 146 | 96 | 92 | — | — | — | |
| Benchmarks (no. days) | |||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | |||||||||||||||||||||||
| Abbott Laboratories | 92 | 87 | 85 | 78 | 73 | 73 | 71 | 60 | 56 | 54 | 48 | 43 | 47 | 44 | 45 | 41 | 41 | 41 | 42 | — | — | — | |
| Amgen Inc. | 87 | 95 | 107 | 94 | 93 | 99 | 121 | 79 | 78 | 80 | 80 | 72 | 76 | 71 | 83 | 90 | 78 | 74 | 100 | — | — | — | |
| Biogen Inc. | 68 | 70 | 74 | 68 | 62 | 75 | 89 | 73 | 78 | 74 | 69 | 70 | 62 | 80 | 79 | 76 | 86 | 72 | 71 | — | — | — | |
| Bristol-Myers Squibb Co. | 102 | 106 | 105 | 99 | 106 | 99 | 135 | 107 | 103 | 106 | 123 | 114 | 127 | 137 | 146 | 116 | 175 | 225 | 231 | — | — | — | |
| Celgene Corp. | 193 | 210 | 260 | 198 | 215 | 242 | 241 | 211 | 223 | 197 | 206 | 200 | 194 | 190 | 209 | 165 | 184 | 184 | 187 | — | — | — | |
| Eli Lilly & Co. | 81 | 71 | 80 | 72 | 74 | 73 | 85 | 74 | 80 | 79 | 87 | 76 | 81 | 81 | 97 | 88 | 85 | 88 | 83 | — | — | — | |
| Johnson & Johnson | 93 | 93 | 102 | 93 | 86 | 88 | 105 | 99 | 101 | 102 | 116 | 100 | 103 | 101 | 113 | 100 | 102 | 109 | 122 | — | — | — | |
| Merck & Co. Inc. | 86 | 82 | 90 | 83 | 83 | 89 | 89 | 75 | 83 | 68 | 74 | 63 | 62 | 55 | 62 | 50 | 56 | 46 | 57 | — | — | — | |
| Pfizer Inc. | 136 | 136 | 152 | 137 | 132 | 125 | 151 | 113 | 110 | 104 | 134 | 101 | 102 | 107 | 137 | 135 | 118 | 106 | 122 | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 419 | 481 | 442 | 333 | 307 | 360 | 321 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
Based on: 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-06), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-09), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-07), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-07), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-08), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-11-05), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-07).
1 Q2 2019 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 7.48 = 49
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 declined from Q4 2018 to Q1 2019 but then slightly increased from Q1 2019 to Q2 2019. |
Cash Conversion Cycle
Gilead Sciences Inc., cash conversion cycle calculation (quarterly data)
No. days
| Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||
| Average inventory processing period | 70 | 68 | 61 | 66 | 70 | 73 | 67 | 100 | 120 | 134 | 136 | 163 | 162 | 159 | 178 | 181 | 189 | 181 | 134 | — | — | — | |
| Average receivable collection period | 56 | 55 | 56 | 58 | 57 | 57 | 55 | 56 | 58 | 51 | 55 | 59 | 66 | 69 | 66 | 72 | 68 | 65 | 69 | — | — | — | |
| Average payables payment period | 49 | 44 | 59 | 47 | 51 | 59 | 68 | 61 | 70 | 86 | 103 | 90 | 98 | 80 | 107 | 113 | 146 | 96 | 92 | — | — | — | |
| Short-term Activity Ratio | |||||||||||||||||||||||
| Cash conversion cycle1 | 77 | 79 | 58 | 77 | 76 | 71 | 54 | 95 | 108 | 99 | 88 | 132 | 130 | 148 | 137 | 140 | 111 | 150 | 111 | — | — | — | |
| Benchmarks | |||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | |||||||||||||||||||||||
| Abbott Laboratories | 97 | 93 | 86 | 93 | 100 | 109 | 106 | 122 | 138 | 167 | 107 | 123 | 132 | 132 | 124 | 128 | 133 | 127 | 128 | — | — | — | |
| Amgen Inc. | 251 | 227 | 213 | 234 | 243 | 229 | 187 | 240 | 244 | 227 | 214 | 217 | 210 | 205 | 179 | 174 | 186 | 198 | 166 | — | — | — | |
| Biogen Inc. | 136 | 142 | 179 | 182 | 200 | 184 | 176 | 228 | 202 | 198 | 232 | 242 | 261 | 259 | 233 | 256 | 233 | 237 | 238 | — | — | — | |
| Celgene Corp. | 136 | 117 | 74 | 202 | 245 | 217 | 241 | 272 | 266 | 271 | 262 | 285 | 275 | 271 | 233 | 257 | 245 | 220 | 241 | — | — | — | |
| Eli Lilly & Co. | 205 | 179 | 231 | 234 | 235 | 265 | 256 | 269 | 268 | 249 | 212 | 245 | 242 | 249 | 217 | 230 | 220 | 193 | 180 | — | — | — | |
| Johnson & Johnson | 98 | 92 | 77 | 86 | 94 | 102 | 85 | 113 | 125 | 109 | 80 | 102 | 103 | 96 | 79 | 97 | 97 | 79 | 63 | — | — | — | |
| Merck & Co. Inc. | 140 | 138 | 118 | 126 | 123 | 128 | 120 | 146 | 139 | 138 | 118 | 137 | 132 | 133 | 113 | 135 | 130 | 136 | 121 | — | — | — | |
| Pfizer Inc. | 210 | 193 | 147 | 193 | 190 | 202 | 152 | 215 | 198 | 185 | 124 | 185 | 200 | 217 | 208 | 252 | 183 | 185 | 158 | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 1,999 | 2,097 | 2,045 | 1,830 | 1,495 | 1,208 | 1,139 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
Based on: 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-06), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-09), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-07), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-07), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-08), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-11-05), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-07).
1 Q2 2019 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 70 + 56 – 49 = 77
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| 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. |