Frontier Communications Parent Inc (FYBR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.89 | 3.67 | 4.41 | 5.98 | 8.56 | |
| Number of days of payables | days | 74.66 | 99.36 | 82.67 | 61.08 | 42.65 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.89
= 74.66
Frontier Communications Parent Inc's number of days of payables has exhibited fluctuations over the past five years. The trend indicates an increase in the number of days it takes the company to pay its payables. From 42.65 days in 2019, it increased to 61.08 days in 2020, further climbed to 82.67 days in 2021, peaked at 99.36 days in 2022, and then decreased slightly to 74.66 days in 2023.
A higher number of days of payables may suggest that Frontier Communications Parent Inc is taking longer to settle its outstanding obligations to suppliers and vendors. This could potentially indicate liquidity challenges or strained relationships with its creditors. It is crucial for the company to closely monitor its payables management to ensure efficient cash flow management and maintain positive relationships with its suppliers.
Peer comparison
Dec 31, 2023