Frontier Communications Parent Inc (FYBR)

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	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	Dec 31, 2018
Payables turnover		4.89	8.49	5.60	3.99	3.69	0.61	0.74	1.83	5.17	—	6.32	5.87	-3.75	-3.32	10.51	8.51	17.97	19.16	7.67	8.12
Number of days of payables	days	74.66	42.97	65.21	91.40	98.96	597.33	495.96	198.99	70.60	—	57.78	62.22	—	—	34.74	42.90	20.32	19.05	47.61	44.93

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 varying trends over the past few years. As of December 31, 2023, the company had payables outstanding for approximately 74.66 days on average. This figure had decreased compared to the previous quarter, indicating that the company took fewer days to settle its payables.

The trend in the number of days of payables has been inconsistent over the analyzed periods. For example, in September 2023, there was a significant decrease in days of payables, possibly indicating a change in the company's payment policies or operational dynamics. However, in June 2023, the number of days of payables increased, suggesting potential delays in settling obligations to suppliers or changes in procurement practices.

The substantial spike in days of payables observed in September 2022 and June 2022 is noteworthy, possibly reflecting challenges in managing payment cycles, liquidity constraints, or strategic decisions impacting supplier relationships. Since then, the company has made progress in reducing the number of days of payables, returning to more sustainable levels.

Overall, Frontier Communications Parent Inc's number of days of payables provides insights into the company's working capital management, cash flow dynamics, and relationships with suppliers. Monitoring this metric over time can help assess the efficiency of the company's payables and identify trends or issues that may require further investigation or management attention.