Arlo Technologies (ARLO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.09 | 9.25 | 5.17 | 6.49 | 3.95 | |
| Number of days of payables | days | 45.09 | 39.46 | 70.63 | 56.27 | 92.42 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.09
= 45.09
Arlo Technologies Inc's number of days of payables has fluctuated over the past five years, ranging from a low of 53.69 days in 2022 to a high of 121.94 days in 2019. The number of days of payables measures how long, on average, it takes the company to pay its suppliers.
A lower number of days of payables indicates that the company is taking fewer days to pay its suppliers, potentially signaling strong liquidity or efficient management of the company's working capital. In contrast, a higher number of days of payables suggests the company is taking longer to settle its obligations to suppliers, which could indicate potential liquidity challenges or strained relationships with suppliers.
The significant fluctuations in Arlo Technologies Inc's number of days of payables over the years may indicate varying strategies in managing its payables and working capital. It would be important to further analyze the reasons behind these fluctuations to gain a deeper understanding of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023