Cogent Communications Group Inc (CCOI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 18.67 | 15.52 | 34.82 | 40.97 | 34.90 | |
| Number of days of payables | days | 19.55 | 23.51 | 10.48 | 8.91 | 10.46 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.67
= 19.55
The number of days of payables for Cogent Communications Holdings Inc has shown fluctuating trends over the past five years.
In the most recent fiscal year ending December 31, 2023, the number of days of payables was 32.43 days. This indicates that, on average, Cogent Communications takes approximately 32 days to pay its suppliers and vendors.
Comparing this to the previous year, there has been a decrease in the number of days of payables from 43.53 days in 2022 to 32.43 days in 2023. This may suggest that the company has been more efficient in managing its payables or negotiating better payment terms with its suppliers.
Looking further back, in 2021, Cogent Communications had 19.23 days of payables, which was significantly lower compared to the recent years. The company seemed to have been able to delay payments to suppliers for a shorter period in 2021.
In 2020 and 2019, the number of days of payables were 16.28 days and 18.39 days, respectively. These figures indicate that the company historically has managed its payables within a relatively stable range, with minor fluctuations.
Overall, the trend in the number of days of payables for Cogent Communications Holdings Inc suggests variability in the company's payment practices. It is important to monitor this metric over time to assess the company's liquidity position, operational efficiency, and supplier relationships.
Peer comparison
Dec 31, 2023