Cars.com Inc (CARS)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		18.57	21.06	24.89	76.41	69.95
Number of days of payables	days	19.66	17.33	14.66	4.78	5.22

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.57
= 19.66

Cars.com's number of days of payables has fluctuated over the past five years. In 2023, the number of days of payables increased to 66.48 days compared to 57.88 days in 2022. This indicates that it took the company approximately 66.48 days to pay off its creditors on average in 2023.

The increase in the number of days of payables from 2022 to 2023 may suggest that Cars.com is taking longer to settle its payables, which could potentially strain its relationships with suppliers or reflect cash flow challenges.

Overall, monitoring changes in the number of days of payables can provide insights into a company's liquidity management and its ability to effectively manage its working capital.