Etsy Inc (ETSY)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		29.81	41.48	62.42	80.97	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
Number of days of payables	days	12.24	8.80	5.85	4.51	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

December 31, 2024 calculation

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

The number of days of payables for Etsy Inc demonstrates varying trends over the periods analyzed. From March 31, 2020, to December 31, 2024, the number of days of payables fluctuated within a range of 4.51 days to 32.11 days.

In March 2020, the company had a relatively low number of days of payables at 12.81 days, which increased to 32.11 days by December 2020, indicating a significant increase in the number of days it takes Etsy to pay its suppliers. However, this trend reversed in the subsequent periods with a decline in the number of days of payables to 6.47 days by September 2023.

Overall, the data suggests that Etsy Inc has managed its payables effectively, with fluctuations in the number of days of payables observed over the years. The decreasing trend in the latter periods indicates potentially improved efficiency in managing supplier payments, which can positively impact the company's cash flow and relationships with its suppliers.