Akamai Technologies Inc (AKAM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.28 | 9.52 | 11.54 | 9.55 | 7.11 | |
| Number of days of payables | days | 35.49 | 38.36 | 31.62 | 38.20 | 51.35 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.28
= 35.49
Akamai Technologies Inc's number of days of payables has fluctuated over the past five years, ranging from a low of 31.62 days in 2021 to a high of 51.35 days in 2019. The company's ability to pay its suppliers appears to have improved in 2023 with the number of days of payables decreasing to 35.49 days compared to the previous year's 38.36 days. This may indicate that Akamai is managing its accounts payable more efficiently, potentially negotiating better payment terms with suppliers or streamlining its payment processes. Overall, a lower number of days of payables suggests that the company is taking less time to settle its outstanding bills, which can be a positive sign of financial health and liquidity.
Peer comparison
Dec 31, 2023