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Change in AP at other companies

Merck & Co. logo
Merck & Co.MRK
$27.5M-39.6%
Exelixis logo
ExelixisEXEL
-$17.9M-311%
Incyte logo
IncyteINCY
$23.45M+1,186%
Roivant Sciences logo
Roivant SciencesROIV
$16.16M+9,891%
Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
$409M+581%
AbbVie logo
AbbVieABBV
-$1.59B-129%

Other financials

Income statement

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Revenue-
Operating income-$65.6M-81.2%
Net income-$189.4M-201%
EPS (diluted)-$0.24-167%

Balance sheet

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Cash & equivalents$8.2M+7.2%
Total debt$20.0M+211%
Total equity$545.9M+58.5%
Total assets$647.9M+68.8%

Cash flow

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Operating cash flow-$122.3M-99.9%
CapEx$245.0K-41.9%
Free cash flow-$122.5M-99.0%

Valuation

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Market cap$10.67B+3.3%
Enterprise value$10.68B+3.4%

Profitability

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Operating margin-268,266.8%-272,316pp
Net margin-271,685%-275,966pp
FCF margin-5,931.6%+4,730pp

Returns & leverage

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Return on equity-271%-1,725pp
Debt / equity0.0×
Current ratio7.4×-3.2×

Where this comes from

Reported directly by Summit Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayable.

The official record: Summit Therapeutics’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Summit Therapeutics's change in AP?
Summit Therapeutics (SMMT) reported change in AP of $6.8M in Q1 2026.
How has Summit Therapeutics's change in AP changed year-over-year?
Summit Therapeutics's change in AP increased by 1810.7% year-over-year, from $356K to $6.8M.
What does change in AP mean?
The change in the amount of money the company owes to its suppliers.
How do you interpret change in AP?
An increase suggests the company is delaying payments to preserve cash, while a decrease indicates the company is paying down its obligations.
How does change in AP compare across companies?
Standard working capital metric; peers in biopharma often show fluctuations based on clinical trial vendor payment cycles.