PC Connection Inc (CNXN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.46 | 12.97 | 9.96 | 9.48 | 11.55 | |
| Number of days of payables | days | 34.90 | 28.15 | 36.63 | 38.48 | 31.61 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.46
= 34.90
The number of days of payables for PC Connection Inc has fluctuated over the past five years. In 2023, the company took an average of 34.90 days to pay its trade payables, which increased from 28.15 days in 2022. This indicates that the company took longer to settle its payables in 2023 compared to the previous year.
Comparing the latest figure to prior years, the number of days of payables was lower in 2022 and 2019, at 28.15 days and 31.61 days respectively. However, in 2021 and 2020, the number of days of payables was higher at 36.63 days and 38.48 days respectively, suggesting delays in settling payables during those years.
Overall, the trend in the number of days of payables for PC Connection Inc shows some variability, with fluctuations observed over the past five years. This metric is important as it reflects the company's efficiency in managing its trade credit and supplier relationships, impacting its liquidity and cash flow management.
Peer comparison
Dec 31, 2023