Akamai Technologies Inc (AKAM)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.42 | 10.28 | 9.52 | 11.54 | 9.55 | |
| Number of days of payables | days | 29.38 | 35.49 | 38.36 | 31.62 | 38.20 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.42
= 29.38
The number of days of payables for Akamai Technologies Inc has shown some fluctuations over the past five years. Starting at 38.20 days on December 31, 2020, the number decreased to 31.62 days by December 31, 2021. It then increased to 38.36 days by December 31, 2022, followed by a slight decrease to 35.49 days by December 31, 2023. The most recent data point on December 31, 2024, shows a significant decrease to 29.38 days.
Overall, the trend in the number of days of payables suggests that Akamai Technologies has been managing its accounts payable efficiently, with fluctuations reflecting changes in the company's payment practices. The decrease in the number of days of payables from 2020 to 2024 might indicate that Akamai has been able to settle its payables more quickly or negotiate better payment terms with its suppliers. This could potentially improve the company's cash flow position and working capital management.
Peer comparison
Dec 31, 2024