Akamai Technologies Inc (AKAM)

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		10.28	10.21	7.40	6.99	9.52	11.35	10.04	10.53	11.54	12.69	12.99	9.80	9.55	9.46	6.82	8.90	7.11	9.00	7.63	9.37
Number of days of payables	days	35.49	35.73	49.33	52.24	38.36	32.16	36.36	34.65	31.62	28.76	28.10	37.24	38.20	38.58	53.51	41.01	51.35	40.55	47.81	38.95

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.28
= 35.49

The number of days of payables for Akamai Technologies Inc has shown some fluctuations over the past eight quarters. In Q4 2023, Akamai had 35.49 days of payables, which decreased slightly from Q3 2023 where it was 35.73 days. This suggests that the company is able to manage its payables efficiently.

The number of days of payables was relatively higher in Q2 2023 at 49.33 days and in Q1 2023 at 52.24 days, indicating a longer period in which the company takes to pay its creditors during those quarters.

Comparing the latest data to the same quarter a year ago, in Q4 2022, the number of days of payables was 38.36 days, which shows a decrease from Q4 2023. The trend over the past few quarters indicates that Akamai Technologies Inc has been relatively consistent in managing its payables, with some fluctuations in the payment periods.

Overall, a lower number of days of payables suggests that the company is efficient in managing its working capital and vendor relationships, which can have a positive impact on its liquidity and financial health.