Mattel Inc (MAT)

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		11.68	11.08	13.43	15.90	10.66	10.53	9.76	10.59	8.54	8.95	10.69	12.45	8.89	8.54	10.77	14.58	9.91	6.92	8.55	11.45
Number of days of payables	days	31.24	32.94	27.18	22.96	34.23	34.66	37.41	34.46	42.72	40.76	34.13	29.33	41.05	42.76	33.91	25.03	36.83	52.77	42.71	31.87

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.68
= 31.24

The number of days of payables for Mattel Inc has fluctuated over the analyzed period. The company's payables turnover has ranged from as low as 22.96 days to as high as 52.77 days. Generally, a lower number of days of payables indicates that the company is taking fewer days to pay its suppliers, which could suggest efficient cash management or strong bargaining power with suppliers. On the other hand, a higher number of days of payables may point to liquidity challenges or strained supplier relationships.

Examining the most recent data as of December 31, 2023, where the number of days of payables was 31.24 days, we can see a moderate improvement compared to the previous quarter. This suggests that Mattel Inc may have been able to better manage its payables and cash flow in the most recent period. It would be beneficial for stakeholders to continue monitoring this ratio in conjunction with other financial metrics to gain a holistic understanding of the company's financial health and efficiency in managing its working capital.