eBay Inc (EBAY)

Number of days of payables

		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	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		10.61	9.25	9.34	9.61	10.27	12.02	10.94	11.16	10.11	9.45	8.08	6.32	7.00	4.57	4.77	5.93	7.10	6.35	6.47	7.98
Number of days of payables	days	34.40	39.44	39.08	37.98	35.55	30.36	33.36	32.72	36.09	38.63	45.15	57.72	52.17	79.93	76.56	61.52	51.37	57.44	56.45	45.74

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.61
= 34.40

To analyze EBay Inc.'s number of days of payables, we observed fluctuations over the past eight quarters. The number of days of payables has ranged from a low of 33.02 days in Q3 2022 to a high of 39.44 days in Q3 2023. The average number of days of payables over this period seems to be around 36 days.

In recent quarters (Q3 and Q2 2023), there was an increase in the number of days it took EBay to pay its creditors, indicating that the company may be taking longer to settle its payables. This could be due to various reasons such as changes in supplier terms, company policies, or financial constraints.

It is crucial to monitor this trend closely as an increase in days of payables could potentially signal liquidity issues or strained supplier relationships. Conversely, a decrease in days of payables could indicate more efficient cash management. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of EBay Inc.'s payables management efficiency.