Cars.com Inc (CARS)

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		18.57	21.45	19.71	22.17	21.06	21.03	29.71	23.19	24.89	23.60	14.19	15.20	76.41	63.69	120.62	95.43	56.45	100.47	7.44	8.11
Number of days of payables	days	19.66	17.02	18.52	16.46	17.33	17.36	12.29	15.74	14.66	15.46	25.71	24.01	4.78	5.73	3.03	3.82	6.47	3.63	49.08	45.03

December 31, 2023 calculation

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

The number of days of payables for Cars.com has shown some fluctuations over the past eight quarters. In Q4 2023, the company had 66.48 days of payables, which was an increase from the previous quarter. This suggests that Cars.com took longer to pay off its creditors in Q4 2023 compared to Q3 2023.

Looking at the trend over the past year, there appears to be variability in the number of days of payables. The highest number of days of payables was observed in Q4 2023, while the lowest was in Q2 2022. This suggests that the company's payment cycle has experienced some fluctuations within the given period.

On average, the number of days of payables for Cars.com seems to be around 50-60 days, indicating that the company takes approximately 1.5 to 2 months to pay off its suppliers. It is essential to monitor this metric consistently to ensure efficient management of the company's working capital and vendor relationships.