Etsy Inc (ETSY)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 27.70 | 25.89 | 23.37 | 11.37 | 10.30 | |
| Number of days of payables | days | 13.18 | 14.10 | 15.62 | 32.11 | 35.45 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 27.70
= 13.18
Etsy Inc's number of days of payables, a measure of how long it takes the company to pay its suppliers, has shown a decreasing trend over the past five years. As of December 31, 2023, the company took approximately 13.18 days to settle its payables, marking a significant improvement from 2019 when it took 35.45 days. This decreasing trend indicates that Etsy has been effectively managing its payables and possibly negotiating better payment terms with its suppliers. A lower number of days of payables suggests that the company is able to maintain healthy relationships with its suppliers while effectively managing its cash flow. Overall, the declining trend in the number of days of payables for Etsy Inc reflects positively on its financial management practices.
Peer comparison
Dec 31, 2023