Arlo Technologies (ARLO)
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 | 7.52 | 5.12 | 7.08 | 9.58 | 9.25 | 4.59 | 6.17 | 6.92 | 5.17 | 6.71 | 9.68 | 14.44 | 6.49 | 5.72 | 8.22 | 11.55 | 3.95 | 3.12 | 8.17 | 3.00 | |
| Number of days of payables | days | 48.53 | 71.24 | 51.57 | 38.10 | 39.46 | 79.47 | 59.15 | 52.75 | 70.63 | 54.38 | 37.69 | 25.27 | 56.27 | 63.85 | 44.41 | 31.61 | 92.42 | 117.17 | 44.68 | 121.59 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.52
= 48.53
Based on the data provided, the number of days of payables for Arlo Technologies Inc has fluctuated over the past 8 quarters. In Q4 2023, the company had an average of 62.26 days of payables, indicating that on average, it took approximately 62 days for the company to pay its suppliers for goods and services purchased on credit during that quarter.
Comparing this to previous quarters, we observe that the number of days of payables has varied significantly. In Q3 2023, the number of days of payables increased to 93.37 days, which suggests that the company took longer to settle its accounts payable during that period. However, in Q2 2023, the number of days of payables decreased to 68.34 days before dropping further to 49.56 days in Q1 2023.
Looking back at the data from the previous year, we can see a similar pattern of fluctuations in the number of days of payables. Q4 2022 had 53.69 days, Q3 2022 had 103.16 days, and Q2 2022 had 75.49 days, before dropping to 68.92 days in Q1 2022.
Overall, the trend in the number of days of payables for Arlo Technologies Inc indicates variability in the company's payment practices. It is essential to monitor these fluctuations as they can impact the company's liquidity, cash flow management, and relationships with suppliers. High days of payables may indicate liquidity issues or strained supplier relationships, while lower days of payables may suggest efficient working capital management.
Peer comparison
Dec 31, 2023