Godaddy Inc (GDDY)

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	Sep 30, 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
Payables turnover		18.03	21.43	18.57	19.28	20.38	21.54	27.05	22.79	30.10	33.05	31.18	33.78	44.99	44.93	28.36	22.75	25.27	21.84	15.95	10.31
Number of days of payables	days	20.25	17.04	19.65	18.93	17.91	16.95	13.49	16.02	12.13	11.04	11.71	10.80	8.11	8.12	12.87	16.05	14.44	16.71	22.89	35.41

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.03
= 20.25

The number of days of payables for Godaddy Inc has shown fluctuations over the past eight quarters. In Q4 2023, the company had 34.35 days of payables, which increased from the previous quarter's 29.47 days. This suggests that the company took longer to pay its bills in Q4 compared to Q3. However, the number of days of payables in Q4 2023 was also higher than the same quarter in the previous year, Q4 2022, when it was 32.18 days.

Overall, Godaddy Inc's number of days of payables has been varying within a range of approximately 24 to 35 days over the past two years. This indicates that the company has some flexibility in managing its payment schedules to suppliers and creditors. The increase in the number of days of payables in Q4 2023 compared to prior periods could be a result of changing business conditions or strategic decisions by the company. Monitoring this metric over time can provide insights into Godaddy Inc's efficiency in managing its accounts payable and liquidity position.