ACI Worldwide Inc (ACIW)

Number of days of payables

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Payables turnover 15.65 17.49 14.76 15.02 14.50 17.77 16.22 16.59 15.46 17.77 16.55 16.53 15.10 16.56 15.43 20.78 16.68 15.24 10.15 15.62
Number of days of payables days 23.33 20.87 24.73 24.31 25.17 20.54 22.50 22.01 23.60 20.54 22.05 22.08 24.17 22.04 23.65 17.57 21.88 23.95 35.95 23.37

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 exhibited some fluctuations over the past eight quarters. In Q4 2023, the company took approximately 23.33 days to pay its payables, which was higher compared to the previous quarter but lower than the figure from Q4 2022. This may indicate a slightly slower payment cycle in the most recent quarter.

Historically, the number of days of payables has ranged from a low of 20.54 days in Q3 2022 to a high of 25.17 days in Q4 2022, showing some variability in the company's payment practices. Overall, the average number of days of payables appears to be around 22-24 days, indicating that ACI Worldwide Inc typically takes about three to four weeks to settle its outstanding payables.

It is important to note that changes in the number of days of payables can reflect shifts in the company's relationship with its suppliers and its liquidity management strategies. A longer payment cycle may indicate a more conservative approach to managing cash flow, while a shorter cycle could suggest a more aggressive stance or potentially strained relations with suppliers.

Analyzing trends in the number of days of payables over time can provide insights into ACI Worldwide Inc's financial health, efficiency in managing working capital, and relationships with its vendors.


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Dec 31, 2023