Duolingo Inc (DUOL)

Number of days of payables

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021
Payables turnover		59.35	58.07	47.68	51.78	110.99	84.48	27.24	55.44	37.49
Number of days of payables	days	6.15	6.29	7.66	7.05	3.29	4.32	13.40	6.58	9.74

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 59.35
= 6.15

Duolingo Inc's number of days of payables has fluctuated over the past few quarters. In the most recent quarter ending on March 31, 2024, the company took an average of 6.15 days to pay its suppliers. This represents a slight decrease from the previous quarter, where the number of days of payables was 6.29 days.

Looking back over the past year, the trend in Duolingo's payables management has been somewhat inconsistent. In some quarters, the company was able to extend its payables period, such as in September 2022 with 13.40 days, while in other quarters, the number of days of payables decreased, as seen in March 2023 with 3.29 days.

Overall, Duolingo's number of days of payables indicates that the company is efficient in managing its supplier payments and has been able to maintain a relatively short payment period, which can be beneficial for cash flow management. However, fluctuations in this ratio over time may require continued monitoring to ensure consistency in the company's payables management practices.