Cognizant Technology Solutions Corp Class A (CTSH)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 49.54 | 49.45 | 45.72 | 43.44 | 37.37 | |
| Number of days of payables | days | 7.37 | 7.38 | 7.98 | 8.40 | 9.77 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 49.54
= 7.37
The number of days of payables for Cognizant Technology Solutions Corp Class A has shown a decreasing trend over the past five years, from 9.77 days as of December 31, 2020, to 7.37 days as of December 31, 2024. This indicates that the company is taking fewer days to pay its suppliers over time, which can be a positive sign of efficiency in managing its accounts payable. A lower number of days of payables could also suggest improved liquidity or negotiation power with suppliers. Overall, the decreasing trend in the number of days of payables for Cognizant Technology Solutions Corp Class A reflects a potentially healthier cash management and working capital position.
Peer comparison
Dec 31, 2024