Dropbox Inc (DBX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 35.48 | 35.74 | 48.65 | 84.85 | 29.27 | |
| Number of days of payables | days | 10.29 | 10.21 | 7.50 | 4.30 | 12.47 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 35.48
= 10.29
Dropbox Inc's number of days of payables has shown variability over the past five years. The trend indicates that the company has been extending its payment period to suppliers. In 2023, the number of days of payables was 29.37 days, which was lower compared to the previous year (31.72 days). This suggests that the company took longer to pay its suppliers in 2023, possibly to improve its cash flow position or negotiate better payment terms. The increase in days of payables from 2021 to 2022 was significant, indicating that the company was holding onto its supplier debts for a longer period. Overall, monitoring the number of days of payables can provide insights into Dropbox Inc's working capital management and relationships with its suppliers.
Peer comparison
Dec 31, 2023