Blackbaud Inc (BLKB)

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		38.43	25.29	24.56	21.37	23.13	26.20	24.89	22.02	37.38	18.15	19.86	14.93	15.38	13.38	10.44	9.53	8.78	11.86	11.15	12.04
Number of days of payables	days	9.50	14.43	14.86	17.08	15.78	13.93	14.67	16.58	9.76	20.11	18.38	24.45	23.74	27.29	34.98	38.32	41.59	30.78	32.73	30.32

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 38.43
= 9.50

The number of days of payables for Blackbaud Inc has exhibited a fluctuating trend over the past eight quarters. In Q4 2023, the company's payables were managed efficiently with a low number of days at 18.30, indicating a quick turnover of its accounts payable. This represents an improvement from the preceding quarter where the number of days was higher at 28.63 days in Q3 2023.

Comparing the most recent quarter to the same period last year, there has been a noticeable decrease in the number of days of payables as in Q4 2022, the company required 30.74 days to settle its payables. This downward trend suggests that Blackbaud Inc has been managing its payables more effectively and has been able to optimize cash flow by extending payment terms with suppliers or negotiating better payment terms.

Although fluctuations are seen throughout the quarters, the general trend indicates that Blackbaud Inc has been successful in optimizing its payables management, leading to improved working capital efficiency. Monitoring this metric over time can provide insights into the company's liquidity position and its ability to meet short-term obligations while also optimizing cash flow management.