Blackline Inc (BL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 60.60 | 34.64 | 55.43 | 108.18 | 39.88 | |
| Number of days of payables | days | 6.02 | 10.54 | 6.58 | 3.37 | 9.15 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 60.60
= 6.02
To analyze Blackline Inc's number of days of payables, we can see a fluctuating trend over the past five years. The number of days of payables indicates the average number of days it takes for the company to pay its suppliers. A lower number of days suggests the company is paying its suppliers more quickly, while a higher number of days indicates a longer time taken to settle payables.
In 2023, Blackline Inc's number of days of payables decreased to 6.02 days from 10.54 days in 2022. This suggests an improvement in the company's ability to settle payables more quickly, which could be a sign of efficient cash management or negotiation with suppliers.
Comparing to previous years, in 2021, the number of days of payables was 6.58 days, slightly higher than in 2023. However, in 2020 and 2019, the company had significantly lower number of days of payables, with 3.37 days and 9.15 days, respectively.
Overall, Blackline Inc's number of days of payables has shown variability over the past five years, with fluctuations that may be influenced by various factors such as changes in payment terms, cash flow management, and supplier relationships. Investors and analysts may further investigate the reasons behind these fluctuations to assess the company's financial health and management effectiveness.
Peer comparison
Dec 31, 2023