ANGI Homeservices Inc (ANGI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.14 | 2.12 | 14.41 | 8.39 | 5.63 | |
| Number of days of payables | days | 116.13 | 171.96 | 25.32 | 43.52 | 64.89 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.14
= 116.13
The data for ANGI Homeservices Inc demonstrates notable fluctuations in the number of days of payables over the specified period. As of December 31, 2020, the company’s average payables period was approximately 64.89 days. This measure declined significantly in the subsequent years, reaching 43.52 days by December 31, 2021, and further decreasing to 25.32 days as of December 31, 2022. Such reductions indicate an improvement in the company's ability to settle its payables more promptly, potentially reflecting better liquidity management or strategic changes in its payment policies.
However, a substantial shift is observed in 2023, with the payables period increasing sharply to 171.96 days. This escalation suggests a notable delay in settling payables, which could be indicative of potential liquidity constraints, renegotiation of payment terms, or a strategic decision to extend creditors’ payments. Subsequently, the payables period decreases again to 116.13 days as of December 31, 2024, though it remains considerably higher than the levels seen in the pre-2023 years.
Overall, the trend reveals an initial improvement in accounts payable management, followed by a significant elongation in the payables period in 2023, and partial reversion in 2024. This volatility may reflect changes in the company's operational or financial strategies, influencing its short-term liquidity management.
Peer comparison
Dec 31, 2024