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.
Peer comparison
Dec 31, 2023