Cogent Communications Group Inc (CCOI)
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 | 18.31 | 27.95 | 19.83 | 23.26 | 15.52 | 22.62 | 27.95 | 30.08 | 34.82 | 35.51 | 28.10 | 33.22 | 40.97 | 29.68 | 28.86 | 26.75 | 30.71 | 37.87 | 31.79 | 37.54 | |
| Number of days of payables | days | 19.94 | 13.06 | 18.40 | 15.69 | 23.51 | 16.13 | 13.06 | 12.13 | 10.48 | 10.28 | 12.99 | 10.99 | 8.91 | 12.30 | 12.65 | 13.65 | 11.89 | 9.64 | 11.48 | 9.72 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.31
= 19.94
Based on the data provided, Cogent Communications Holdings Inc's number of days of payables has been fluctuating over the past eight quarters. In Q4 2023, the company took around 32.43 days to pay its payables on average, which represents an increase compared to Q3 2023 when it took 25.12 days. This suggests a lengthening of the payment period for the company's obligations to suppliers or creditors.
Comparing the latest data to previous quarters, it is evident that Q4 2023 is closer to the higher end of the range seen over the past two years. This indicates that Cogent Communications Holdings Inc may be taking longer to settle its payables compared to some previous quarters.
Analyzing the trend over the past eight quarters, it is notable that there was a notable increase in the number of days of payables from Q1 2022 to Q4 2022, followed by some fluctuations in subsequent quarters. Overall, the company's management of payables appears to vary and may require further investigation to understand the underlying reasons for these fluctuations and changes in payment patterns.
Peer comparison
Dec 31, 2023