Calix Inc (CALX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 24.07 | 16.50 | 17.33 | 31.96 | 33.23 | |
| Number of days of payables | days | 15.17 | 22.12 | 21.06 | 11.42 | 10.98 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 24.07
= 15.17
The number of days of payables for Calix Inc has shown fluctuations in recent years. In 2023, the company took an average of 24.33 days to pay its suppliers, which represents an improvement from the previous year. This indicates that Calix Inc has been able to manage its payables more efficiently, possibly negotiating better terms with its suppliers or optimizing its working capital management.
Comparing to 2022 and 2021, where the number of days of payables was 34.95 days and 32.86 days respectively, we can observe a downward trend, suggesting that the company has been able to extend its payment terms, allowing for a more favorable cash flow position.
However, it is worth noting that the number of days of payables in 2023 is higher than in 2019 and 2020, where it was 17.46 days and 16.66 days respectively. This could indicate a shift in the company's payment strategy or supplier relationships during the period.
Overall, the decreasing trend in the number of days of payables for Calix Inc indicates improvements in managing its payables, which can positively impact its liquidity and working capital efficiency.
Peer comparison
Dec 31, 2023