Envestnet Inc (ENV)

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		41.52	76.63	43.93	126.13	106.80	61.54	57.78	58.97	54.97	18.57	17.50	12.66	16.87	10.25	18.62	22.16	11.06	46.36	30.61	12.22
Number of days of payables	days	8.79	4.76	8.31	2.89	3.42	5.93	6.32	6.19	6.64	19.65	20.86	28.82	21.63	35.61	19.60	16.47	33.00	7.87	11.93	29.86

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 41.52
= 8.79

The number of days of payables for Envestnet Inc. has shown some fluctuation over the past eight quarters.

In Q4 2023, the number of days of payables was 27.58 days, significantly higher than the previous quarter's 13.21 days in Q3 2023. This increase suggests that the company took longer to settle its outstanding payables during Q4 2023.

Comparing Q4 2023 to the same quarter in the previous year, Q4 2022, there was a notable increase from 13.51 days to 27.58 days. This indicates that Envestnet Inc. extended its payment terms or encountered delays in paying its suppliers in Q4 2023 compared to the same period in the prior year.

Overall, it is essential for Envestnet Inc. to carefully manage its payables to maintain good relationships with suppliers while also optimizing cash flow and working capital management. Monitoring the trend in the number of days of payables can provide valuable insights into the company's liquidity and operational efficiency.