Equifax Inc (EFX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 22.11 | 16.21 | 17.89 | 21.69 | 25.91 | |
| Number of days of payables | days | 16.51 | 22.51 | 20.40 | 16.83 | 14.09 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.11
= 16.51
The number of days of payables for Equifax, Inc. has been fluctuating over the past five years. In 2023, the number of days of payables decreased to 30.89 days from 42.05 days in 2022, indicating that the company took fewer days to pay off its suppliers or vendors. This may suggest improved efficiency in managing its payables.
Comparing to 2021, where the number of days of payables was 38.99 days, the decrease in 2023 further highlights a trend towards more efficient payables management. Similarly, in 2020 and 2019, the number of days of payables was 33.42 days and 35.57 days, respectively, showing a slight increase in 2023 but still maintaining a relatively lower level compared to previous years.
Overall, Equifax, Inc.'s number of days of payables has shown variability in recent years, but the trend in 2023 indicates a positive development towards a shorter payment period to suppliers, which could potentially improve cash flow and working capital management.