Meta Platforms Inc. (META)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.92 | 4.54 | 4.13 | 4.41 | 12.54 | |
| Number of days of payables | days | 93.03 | 80.31 | 88.28 | 82.75 | 29.10 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.92
= 93.03
The number of days of payables for Meta Platforms Inc. has shown an increasing trend over the past five years. As of December 31, 2020, the company took approximately 29.10 days to pay its suppliers, which increased significantly to 82.75 days by December 31, 2021. This trend continued in subsequent years, with the number of days of payables reaching 88.28 days by December 31, 2022, 80.31 days by December 31, 2023, and peaking at 93.03 days by December 31, 2024.
A higher number of days of payables indicates that Meta Platforms Inc. is taking longer to settle its outstanding supplier invoices, potentially signaling a shift towards more extended payment terms or challenges in managing its working capital efficiently. This could have implications for the company's relationships with suppliers and its cash flow management. Further analysis of the underlying reasons driving this trend would be necessary to understand the implications for the company's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024