IAC Inc. (IAC)
Number of days of payables
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 49.05 | 42.48 | 33.18 | 39.89 | 47.99 | 42.57 | 34.89 | 32.50 | 23.43 | 18.18 | 23.29 | 17.71 | 15.43 | 8.84 | ||||
| Number of days of payables | days | 7.44 | 8.59 | 11.00 | 9.15 | 7.61 | 8.57 | 10.46 | 11.23 | 15.58 | 20.08 | 15.67 | 20.61 | 23.66 | 41.29 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 49.05
= 7.44
The number of days of payables for IAC Inc. has exhibited fluctuations over the periods analyzed. The trend indicates that the company took fewer days to pay its accounts payable in more recent periods compared to earlier periods. The number of days of payables ranged from as low as 7.44 days to as high as 41.29 days over the last 17 quarters.
The decrease in the number of days of payables suggests that IAC Inc. may be managing its working capital more efficiently by accelerating its payment cycles to suppliers. This can have implications on cash flow management and relationships with suppliers. The company's ability to negotiate favorable payment terms with suppliers or improve operational efficiency may have contributed to the reduction in the number of days of payables.
It is important for stakeholders to continue monitoring this ratio to assess the company's liquidity position, operational efficiency, and vendor relationships.
Peer comparison
Mar 31, 2024