Light & Wonder Inc (LNW)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.62 | 7.19 | 5.17 | 7.50 | 10.29 | |
| Number of days of payables | days | 79.03 | 50.78 | 70.58 | 48.67 | 35.48 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.62
= 79.03
The number of days of payables for Light & Wonder Inc has fluctuated over the past five years. As of December 31, 2023, the company's number of days of payables stood at 100.88 days, showing an increase compared to the previous year's 76.17 days. This indicates that the company is taking longer to pay off its suppliers or trade payables.
The trend in the number of days of payables reveals variability in the company's payment practices. In 2021, the number of days of payables spiked to 122.27 days, signifying a significant delay in settling its obligations to suppliers. Conversely, in 2020 and 2019, the number of days of payables was relatively lower at 63.88 days and 64.24 days, respectively.
The increase in the number of days of payables in 2023 suggests that Light & Wonder Inc may be experiencing liquidity constraints or seeking to optimize its cash flow by extending payment terms with suppliers. Continuous monitoring and management of payables are crucial to maintain relationships with suppliers and sustain the company's financial health in the long run.
Peer comparison
Dec 31, 2023