Duolingo Inc (DUOL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Payables turnover | 58.07 | 84.48 | 8.85 | |
| Number of days of payables | days | 6.29 | 4.32 | 41.24 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 58.07
= 6.29
Based on the data provided, Duolingo Inc's number of days of payables has fluctuated over the past three years. In 2023, the number of days of payables was 6.29 days, which represents a slight increase from 4.32 days in 2022 but remains significantly lower than the 41.24 days reported in 2021.
A lower number of days of payables indicates that Duolingo Inc is taking fewer days to pay its suppliers, which can be a positive indicator of strong liquidity and efficient working capital management. However, a substantial increase in the number of days of payables from 2022 to 2023 may warrant further analysis to understand the reasons behind this change and its potential impact on the company's financial health and supplier relationships.
Peer comparison
Dec 31, 2023