Columbia Sportswear Company (COLM)

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		13.56	20.14	13.04	14.45	9.60	8.91	9.16	10.75	9.52	9.23	7.12	9.30	6.18	7.92	5.49	9.97	5.98	7.40	4.66	7.63
Number of days of payables	days	26.91	18.12	28.00	25.27	38.02	40.99	39.86	33.94	38.35	39.56	51.27	39.24	59.05	46.09	66.51	36.60	61.05	49.32	78.26	47.85

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.56
= 26.91

Columbia Sportswear Co.'s number of days of payables has fluctuated over the past eight quarters, ranging from a low of 32.66 days in Q3 2023 to a high of 71.76 days in Q3 2022. The trend in the number of days of payables indicates that the company's payment terms with its suppliers have varied significantly. A higher number of days of payables typically suggests that the company is taking longer to settle its accounts payable, which may indicate a potential financial advantage by extending payment periods.

The significant variations in the number of days of payables could be influenced by various factors, such as changes in negotiation strategies with suppliers, seasonal variations in purchasing patterns, or shifts in the company's working capital management approach.

It is essential for investors and analysts to closely monitor the number of days of payables to assess the efficiency of Columbia Sportswear Co.'s working capital management and its relationships with suppliers. Further analysis and comparison with industry benchmarks or historical data can provide valuable insights into the company's financial health and operational performance.