ACI Worldwide Inc (ACIW)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.65 | 14.50 | 15.46 | 15.10 | 16.68 | |
| Number of days of payables | days | 23.33 | 25.17 | 23.60 | 24.17 | 21.88 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.65
= 23.33
The number of days of payables for ACI Worldwide Inc has varied over the past five years. In 2023, the company took on average 23.33 days to pay its suppliers, which is a slight improvement compared to 2022 when it took 25.17 days. The number of days of payables in 2021 was 23.60 days, and in 2020 it was 24.17 days. In 2019, the company had the lowest number of days of payables at 21.88 days.
Overall, the trend in the number of days of payables for ACI Worldwide Inc has been relatively stable, with some fluctuations from year to year. A lower number of days of payables may indicate that the company is managing its cash flow efficiently by paying its suppliers promptly, while a higher number of days may suggest that the company is taking longer to settle its payables, potentially indicating financial stress or inefficiencies in working capital management.
Peer comparison
Dec 31, 2023