PC Connection Inc (CNXN)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.05 | 10.46 | 12.97 | 9.96 | 9.48 | |
| Number of days of payables | days | 40.33 | 34.90 | 28.15 | 36.63 | 38.48 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.05
= 40.33
The number of days of payables for PC Connection Inc has shown fluctuation over the past five years. As of December 31, 2020, the company took approximately 38.48 days on average to pay its suppliers and creditors, which decreased slightly to 36.63 days by December 31, 2021. Subsequently, there was a significant improvement in payables management as the number of days decreased to 28.15 days by December 31, 2022.
However, there was a reversal in the trend by December 31, 2023, as the number of days of payables increased to 34.90 days. The trend continued to deteriorate as of December 31, 2024, with the company taking approximately 40.33 days on average to settle its payables.
Overall, the company's management of payables has shown variability over the years, reflecting changes in payment practices and relationships with suppliers. Further analysis of the underlying factors driving these fluctuations would be necessary to assess the impact on the company's working capital efficiency and overall financial performance.
Peer comparison
Dec 31, 2024