Godaddy Inc (GDDY)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 18.14 | 20.38 | 30.10 | 44.99 | 28.54 | |
| Number of days of payables | days | 20.12 | 17.91 | 12.13 | 8.11 | 12.79 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.14
= 20.12
The number of days of payables for Godaddy Inc has shown a fluctuating trend over the past five years. In 2023, the company took approximately 34.35 days on average to pay its creditors, which is higher compared to the previous year. This could indicate a potential slowdown in the company's payment cycle, possibly due to various factors impacting the company's cash flow or working capital management.
Compared to 2021 and 2020, where the number of days of payables was 22.66 days and 16.07 days, respectively, the increase in 2023 suggests a lengthening of the payment period, which may have implications on the company's relationships with suppliers and overall liquidity position.
It is worth noting that the number of days of payables was highest in 2019 at 25.70 days, indicating a longer payment cycle back then. The decreasing trend from 2019 to 2020 followed by fluctuations in the subsequent years signifies variations in the company's payment behaviors and financial management strategies.
Overall, monitoring changes in the number of days of payables over time can provide insights into Godaddy Inc's operational efficiency, cash flow management, and relationships with creditors.
Peer comparison
Dec 31, 2023