Etsy Inc (ETSY)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		29.81	27.70	25.89	23.37	11.37
Number of days of payables	days	12.24	13.18	14.10	15.62	32.11

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 29.81
= 12.24

Based on the data provided, Etsy Inc's number of days of payables has shown a decreasing trend over the past five years. As of December 31, 2020, the company took an average of 32.11 days to pay its payables, which has steadily declined to 15.62 days by the end of 2021, 14.10 days by the end of 2022, 13.18 days by the end of 2023, and further decreased to 12.24 days by the end of 2024.

This decreasing trend in the number of days of payables indicates that Etsy Inc has been managing its payables more efficiently over the years. A lower number of days of payables suggests that the company is taking less time to settle its payables, potentially improving its liquidity position and relationships with suppliers.

Overall, the trend of decreasing days of payables reflects positively on Etsy Inc's ability to manage its working capital effectively and indicates a more efficient use of its resources in meeting its financial obligations to suppliers.