CSG Systems International Inc (CSGS)

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		18.63	20.06	22.16	22.82	17.09	24.72	23.39	22.29	21.44	22.05	21.84	21.16	23.17	18.79	19.95	17.97	20.81	17.17	14.42	15.16
Number of days of payables	days	19.59	18.19	16.47	15.99	21.36	14.77	15.60	16.38	17.03	16.55	16.71	17.25	15.76	19.43	18.30	20.31	17.54	21.26	25.31	24.07

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 fluctuated over the past eight quarters, indicating variability in the company's payment practices to its suppliers. In Q4 2023, the number of days of payables was 27.54 days, slightly higher than in the previous quarter. This increase suggests that the company took longer to pay its suppliers compared to Q3 2023.

In Q3 2023, the number of days of payables was 25.54 days, showing a slight decrease from the prior quarter. This decline could indicate that CSG Systems International Inc. improved its efficiency in managing its payables during this period.

Looking back further, in Q2 2023, the number of days of payables was 23.30 days, also showing a decrease compared to Q1 2023. Similarly, in Q1 2023, the number of days of payables was 22.66 days, reflecting a relatively stable payment period.

Comparing to the same quarter of the previous year, in Q4 2022, the number of days of payables was 30.82 days. This suggests that CSG Systems International Inc. managed to reduce the number of days it takes to pay its suppliers in Q4 2023 compared to a year before.

Overall, the trend in the number of days of payables for CSG Systems International Inc. indicates some variability in the company's payment practices over the past eight quarters, with some quarters showing longer payment periods while others showing improvements in efficiency. This metric should be monitored to assess the company's management of its working capital and relationships with suppliers.