Blackbaud Inc (BLKB)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 40.52 | 24.25 | 39.14 | 15.38 | 8.78 | |
| Number of days of payables | days | 9.01 | 15.05 | 9.33 | 23.74 | 41.59 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 40.52
= 9.01
The number of days of payables for Blackbaud Inc has fluctuated over the past five years. In 2023, the company took approximately 18.30 days to pay its suppliers, which was a decrease from the 30.74 days in 2022. This indicates that Blackbaud Inc has improved its efficiency in paying its bills in a timely manner compared to the previous year. Furthermore, the current number of days of payables is lower than the figures reported in 2021 and 2020, suggesting a positive trend in managing its accounts payable.
Compared to 2019, where the number of days of payables was significantly higher at 41.59 days, the company has made considerable progress in streamlining its payment processes and managing its working capital more effectively. Overall, the trend in the number of days of payables for Blackbaud Inc indicates a positive shift towards a more efficient management of its accounts payable, which can have implications for its financial performance and liquidity.
Peer comparison
Dec 31, 2023