Cognizant Technology Solutions Corp Class A (CTSH)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 49.45 | 45.72 | 43.44 | 37.37 | 60.20 | |
| Number of days of payables | days | 7.38 | 7.98 | 8.40 | 9.77 | 6.06 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 49.45
= 7.38
Cognizant Technology Solutions Corp.'s number of days of payables has shown a fluctuating trend over the past five years. The company's ability to pay its suppliers has improved from 13.31 days in 2020 to 9.71 days in 2023, indicating a more efficient management of payables. The decrease in the number of days of payables suggests that Cognizant may be paying its suppliers more promptly, which can positively impact relationships with vendors. The 2023 figure of 9.71 days is lower than the figures from the previous years, indicating that the company has been able to manage its payables more effectively in the most recent year.
Peer comparison
Dec 31, 2023