eBay Inc (EBAY)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.61 | 10.27 | 10.11 | 6.46 | 6.92 | |
| Number of days of payables | days | 34.40 | 35.55 | 36.09 | 56.47 | 52.74 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.61
= 34.40
EBay Inc.'s number of days of payables has shown fluctuations over the past five years. The trend indicates that the company has been able to manage its payables more efficiently in recent years. As of December 31, 2023, the number of days of payables decreased to 34.40 days from 35.55 days in 2022, reflecting a better management of supplier payments. This improvement suggests that EBay is taking longer to pay its suppliers, which could indicate stronger bargaining power and improved working capital management. However, it is important to monitor this ratio over time to ensure the sustainability of these improvements.
Peer comparison
Dec 31, 2023