Envestnet Inc (ENV)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 41.77 | 108.05 | 55.05 | 16.99 | 16.14 | |
| Number of days of payables | days | 8.74 | 3.38 | 6.63 | 21.48 | 22.62 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 41.77
= 8.74
The number of days of payables for Envestnet Inc. has fluctuated over the past five years. In 2023, the company took approximately 27.58 days to pay its payables, a significant increase from 13.51 days in 2022. This suggests a slower payment cycle in 2023 compared to the previous year. Furthermore, the 2023 figure is notably higher than the averages of 16.45 days in 2021, 21.48 days in 2020, and 22.62 days in 2019.
The increase in the number of days of payables in 2023 could indicate that Envestnet Inc. is taking longer to settle its outstanding obligations to suppliers and creditors. This may be a strategic move to preserve cash or manage working capital more effectively. However, it can also signal potential liquidity challenges or strained supplier relationships if payments are being delayed beyond typical terms.
Overall, monitoring the trend and magnitude of changes in the number of days of payables can provide insights into Envestnet Inc.'s payment practices, financial management, and relationships with its suppliers.
Peer comparison
Dec 31, 2023