Etsy Inc (ETSY)

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		27.70	56.44	52.29	38.54	25.89	43.21	39.44	43.51	23.37	44.61	21.04	32.05	11.37	18.29	22.13	28.49	10.30	10.14	10.50	11.67
Number of days of payables	days	13.18	6.47	6.98	9.47	14.10	8.45	9.26	8.39	15.62	8.18	17.35	11.39	32.11	19.95	16.49	12.81	35.45	36.01	34.76	31.29

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 27.70
= 13.18

Over the past eight quarters, Etsy Inc has shown fluctuations in its number of days of payables, which is a measure of how long the company takes to pay its suppliers. In Q4 2023, the number of days of payables increased to 13.18 days from the previous quarter's 6.47 days, indicating that the company took longer to pay its bills during this period. This could suggest a change in the company's payment policies, supplier relationships, or operational efficiency.

Compared to the same period a year ago in Q4 2022, the number of days of payables has decreased slightly from 14.10 days to 13.18 days in Q4 2023. This suggests that Etsy Inc has improved its efficiency in managing its payables over the year.

Overall, fluctuations in the number of days of payables can provide insights into a company's liquidity management, supplier relationships, and operational effectiveness. It is essential for investors and analysts to monitor these trends to understand the company's financial health and performance over time.