Alphabet Inc Class C (GOOG)

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		17.79	22.59	24.29	30.41	24.61	19.65	27.29	33.89	18.38	22.54	20.72	18.72	15.16	18.14	18.73	18.26	12.93	16.61	16.69	16.74
Number of days of payables	days	20.51	16.16	15.03	12.00	14.83	18.58	13.38	10.77	19.86	16.20	17.62	19.50	24.08	20.12	19.49	19.98	28.23	21.98	21.87	21.81

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 eight quarters. In Q4 2023, the company took an average of 20.52 days to pay its payables, which increased from the previous quarter's 16.15 days. This indicates a lengthening of the payment period, potentially suggesting a slower turnover of payables.

Comparing Q4 2023 to Q1 2023, there is a noticeable increase of 8.52 days in the number of days of payables, showing a significant extension in payment periods. This may imply that Alphabet Inc is taking longer to settle its obligations to suppliers and vendors.

Looking at the trend over the eight quarters, the number of days of payables ranged from a low of 10.77 days in Q1 2022 to a high of 20.52 days in Q4 2023. This variability suggests possible changes in Alphabet Inc's payment strategies and relationships with suppliers over this period.

Overall, the increasing number of days of payables for Alphabet Inc may signal a potential liquidity advantage as the company is able to hold onto cash for a longer period before settling its obligations. However, it is essential to monitor this trend to ensure it does not negatively impact relationships with suppliers or indicate underlying financial challenges.