ExlService Holdings Inc (EXLS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 275.35 | 156.62 | 171.14 | 121.34 | 138.61 | |
| Number of days of payables | days | 1.33 | 2.33 | 2.13 | 3.01 | 2.63 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 275.35
= 1.33
The number of days of payables for ExlService Holdings Inc has slightly decreased over the past five years. As of December 31, 2023, the company takes approximately 1.80 days to pay its suppliers, which is significantly lower compared to 3.17 days in 2022, 3.63 days in 2021, 4.09 days in 2020, and 3.66 days in 2019. This suggests that ExlService Holdings Inc is able to manage its payables more efficiently and may have improved its working capital management practices. A lower number of days of payables indicates that the company is paying its suppliers more quickly, potentially strengthening relationships with suppliers and maintaining a good reputation in the industry.
Peer comparison
Dec 31, 2023