Amazon.com Inc (AMZN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.56 | 4.67 | 4.34 | 3.89 | 4.48 | |
| Number of days of payables | days | 79.98 | 78.08 | 84.19 | 93.93 | 81.51 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.56
= 79.98
Amazon.com Inc.'s number of days of payables has shown a fluctuating trend over the past five years. In 2023, the company took approximately 101.79 days on average to pay its suppliers, which was slightly higher compared to the previous year (100.59 days). This indicates that Amazon is managing its payables efficiently as the number of days decreased. In 2021, the number of days of payables increased to 105.43 days, suggesting a potential delay in payments to suppliers. However, in 2020 and 2019, the number of days of payables were 113.48 days and 104.04 days, respectively, indicating a longer payment period in those years. Overall, the trend in Amazon's number of days of payables reflects variability in the company's payment practices, with efforts evident to manage payables more effectively in recent years.
Peer comparison
Dec 31, 2023