ExlService Holdings Inc (EXLS)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 281.12 | 275.35 | 156.62 | 171.14 | 121.34 | |
| Number of days of payables | days | 1.30 | 1.33 | 2.33 | 2.13 | 3.01 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 281.12
= 1.30
ExlService Holdings Inc's number of days of payables has shown a declining trend over the five-year period from December 31, 2020, to December 31, 2024. The company's number of days of payables decreased from 3.01 days in 2020 to 1.30 days in 2024. This indicates that the company is taking fewer days to pay its suppliers, which may suggest improved efficiency in managing its payables. A lower number of days of payables can also indicate stronger bargaining power with suppliers and potentially better cash flow management. Overall, the decreasing trend in ExlService Holdings Inc's number of days of payables reflects positive financial management practices in terms of managing its accounts payable.
Peer comparison
Dec 31, 2024