Graham Holdings Co (GHC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.14 | -0.06 | -0.15 | 0.45 | — | |
| Number of days of payables | days | 2,687.64 | — | — | 814.67 | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.14
= 2,687.64
Graham Holdings Co.'s number of days of payables have shown a declining trend over the past three years, from 21.92 days at the end of 2021 to 18.17 days at the end of 2023. This indicates that the company is taking less time to pay its suppliers, which could be seen as a positive signal of efficient cash management. However, it is important to note that there is a lack of data for 2020 and 2019, which limits a comprehensive analysis of the company's payables turnover efficiency over a longer period. It would be beneficial to monitor this ratio over time to assess the company's ability to manage its payables effectively.
Peer comparison
Dec 31, 2023