Consolidated Communications (CNSL)

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		6.03	15.88	13.32	10.83	21.23	11.80	5.97	8.65	5.17	4.45	4.79	7.51	8.12	9.52	13.21	11.93	7.89	7.27	5.53	9.53
Number of days of payables	days	60.57	22.98	27.41	33.69	17.19	30.93	61.11	42.18	70.66	82.07	76.18	48.57	44.98	38.35	27.64	30.59	46.27	50.22	66.02	38.31

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.03
= 60.57

Consolidated Communications Holdings Inc's number of days of payables has exhibited fluctuations over the past eight quarters. In Q4 2023, the number of days of payables increased to 42.84 days compared to the previous quarter, indicating that the company took longer to pay off its creditors. This could potentially suggest a cash flow strain or a deliberate strategy to manage working capital.

In Q3 2023, the number of days of payables was 30.86 days, showing a significant decrease from the previous quarter. This could imply that the company managed its payables more efficiently during that period, possibly negotiating better payment terms with suppliers or improving cash flow management.

Looking further back, in Q2 2023 and Q1 2023, the number of days of payables stood at 34.40 days and 36.27 days, respectively. These figures were relatively stable compared to Q4 2023, indicating consistent payment practices by the company.

Comparing the recent quarters to the same periods in the previous year, there appears to be an upward trend in the number of days of payables. For example, in Q4 2022, it was 22.10 days, considerably lower than Q4 2023, indicating a potential shift in the company's payment policies.

Overall, monitoring the number of days of payables can provide insights into Consolidated Communications Holdings Inc's payment practices, cash flow management, and relationships with suppliers, which are essential aspects of its financial health and operational efficiency.