Alphabet Inc Class C (GOOG)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 17.79 | 24.61 | 18.38 | 15.16 | 12.93 | |
| Number of days of payables | days | 20.51 | 14.83 | 19.86 | 24.08 | 28.23 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.79
= 20.51
The number of days of payables for Alphabet Inc has shown a fluctuating trend over the past five years. As of December 31, 2023, the company's number of days of payables stands at 20.52 days, representing an increase compared to the previous year.
In 2022, the number of days of payables was 14.83 days, indicating a relatively low level of payables outstanding compared to the following year. The figure increased to 19.86 days in 2021, suggesting a slight extension in the company's payment period to its suppliers.
The year 2020 saw a further increase in the number of days of payables to 24.08 days, indicating a longer period within which Alphabet Inc settles its payables. The longest payment period observed in the past five years was in 2019, with 28.23 days of payables.
Overall, the trend in Alphabet Inc's number of days of payables reflects variability in the company's payment practices and relationships with suppliers. It is essential for stakeholders to monitor this ratio to assess the company's liquidity management and working capital efficiency.
Peer comparison
Dec 31, 2023