Corsair Gaming Inc (CRSR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Payables turnover | 4.58 | 6.27 | 5.89 | 4.13 | |
| Number of days of payables | days | 79.65 | 58.22 | 61.99 | 88.42 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.58
= 79.65
Corsair Gaming Inc's number of days of payables has fluctuated over the past five years, ranging from a low of 58.22 days in 2022 to a high of 88.42 days in 2020. The number of days of payables represents the average number of days it takes for the company to pay its suppliers, indicating its efficiency in managing its trade credit obligations.
In 2023, Corsair Gaming Inc's number of days of payables increased to 79.65 days, which suggests that the company is taking longer to settle its payables compared to the previous year. This could potentially indicate a deterioration in the company's liquidity position or a change in payment terms with suppliers.
Overall, it is important for Corsair Gaming Inc to monitor its number of days of payables closely to ensure that it maintains a healthy balance between managing cash flow effectively and maintaining good relationships with its suppliers.
Peer comparison
Dec 31, 2023