Lumen Technologies Inc (LUMN)

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		22.92	28.23	24.64	18.10	19.92	14.51	14.05	16.64	20.40	25.79	22.67	21.90	19.83	9.51	9.22	8.64	15.68	15.79	16.71	18.79
Number of days of payables	days	15.93	12.93	14.81	20.16	18.32	25.16	25.98	21.93	17.89	14.15	16.10	16.66	18.40	38.37	39.58	42.23	23.28	23.12	21.85	19.42

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.92
= 15.93

The number of days of payables for Lumen Technologies Inc has shown fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was recorded at 57.94 days, which increased compared to the previous quarter. This indicates that the company took longer to pay its suppliers in Q4 2023.

Compared to the same quarter in the previous year (Q4 2022), there has been a notable increase in the number of days of payables, reflecting a potential shift in the company's payment practices.

Overall, the trend in Lumen Technologies Inc's number of days of payables suggests a varying payment schedule for its suppliers, which may impact the company's liquidity position and relationships with its vendors. Further analysis would be required to determine the reasons behind these fluctuations and their potential implications for the company's financial performance.