CSG Systems International Inc (CSGS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 18.63 | 17.50 | 21.45 | 24.97 | 21.92 | |
| Number of days of payables | days | 19.59 | 20.86 | 17.02 | 14.62 | 16.65 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.63
= 19.59
The number of days of payables for CSG Systems International Inc. has shown some variability over the past five years. The trend indicates that the company took 27.54 days to pay its suppliers in 2023, which is a decrease from 30.82 days in 2022. This suggests that the company may be managing its payables more efficiently or negotiating more favorable payment terms with its suppliers.
Comparing to 2021, when the number of days of payables was 23.78 days, there has been an increase, indicating that the company is taking longer to pay its suppliers in 2023. However, this is still higher than in 2020 and 2019, when the company took 20.33 days and 22.73 days respectively to pay its payables.
Overall, the decreasing trend from 2022 to 2023 suggests that CSG Systems International Inc. may be actively managing its working capital and payables to improve cash flow and efficiency.
Peer comparison
Dec 31, 2023