IAC Inc. (IAC)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		41.89	41.81	17.94	8.84
Number of days of payables	days	8.71	8.73	20.35	41.29

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 41.89
= 8.71

The number of days of payables for IAC Inc. has shown a decreasing trend over the past four years. As of December 31, 2023, the company had an average of 8.71 days of payables, which is lower compared to 8.73 days in 2022, 20.35 days in 2021, and 41.29 days in 2020. This indicates that IAC Inc. is taking less time to pay its suppliers, implying improved efficiency in managing its accounts payable. A lower number of days of payables can also suggest better working capital management and potentially improved relationships with suppliers.

Peer comparison

Dec 31, 2023

Company name

Symbol

Number of days of payables

IAC Inc.

IAC

8.71

Sally Beauty Holdings Inc