Blackline Inc (BL)

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		58.66	81.54	49.68	84.35	25.13	88.27	30.65	26.09	53.61	174.06	95.98	104.93	104.99	150.40	49.89	26.24	38.38	168.79	86.97	59.76
Number of days of payables	days	6.22	4.48	7.35	4.33	14.52	4.14	11.91	13.99	6.81	2.10	3.80	3.48	3.48	2.43	7.32	13.91	9.51	2.16	4.20	6.11

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 58.66
= 6.22

The number of days of payables for Blackline Inc has shown fluctuations over the past five years. Analyzing the trend, we observe that the number of days of payables ranged from as low as 2.10 days to as high as 14.52 days during this period.

Notably, there are instances of significant changes in the number of days of payables within consecutive quarters, indicating a varying level of efficiency in managing payables. For instance, there was a notable increase in days of payables from 4.14 days in September 2022 to 14.52 days in December 2022, which demonstrates a considerable extension in the payment period to suppliers.

Furthermore, there have been quarters where the number of days of payables remained relatively stable, suggesting consistent payment practices. For example, in the first quarter of 2021 and the second quarter of 2020, the days of payables were relatively static at 3.48 days and 7.32 days, respectively.

Overall, the analysis of Blackline Inc's number of days of payables indicates varying trends in managing supplier payments, with fluctuations in payment periods observed over the analyzed period. Further investigation and comparison with industry benchmarks may provide additional insights into the company's overall financial health and liquidity management.