Dayforce Inc. (DAY)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		13.00	14.24	12.42	12.88	10.55
Number of days of payables	days	28.07	25.64	29.40	28.33	34.59

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.00
= 28.07

The number of days of payables for Dayforce Inc. has exhibited variability over the past five years. In 2023, the company took approximately 28.07 days to pay its suppliers, which is slightly higher compared to the previous year. This suggests that Dayforce Inc. may be taking slightly longer to settle its payables in 2023.

Overall, the trend in the number of days of payables for Dayforce Inc. has shown fluctuations, with some years showing shorter payment cycles (such as 2022) and others showing longer cycles (such as 2019). However, the company seems to have maintained its payables within a relatively stable range, indicating a consistent approach to managing its supplier payment obligations over the years.

It is important for stakeholders to monitor this ratio to ensure that Dayforce Inc. maintains healthy supplier relationships and efficient cash flow management. Additionally, any significant deviations in this ratio from industry norms or historical trends should be further investigated to understand the underlying reasons and implications for the company's financial health.