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 | ||
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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.
Peer comparison
Dec 31, 2023