Meta Platforms Inc. (META)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.54 | 4.13 | 4.41 | 12.54 | 9.37 | |
| Number of days of payables | days | 80.31 | 88.28 | 82.75 | 29.10 | 38.96 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.54
= 80.31
Meta Platforms Inc's number of days of payables has fluctuated over the past five years. In 2023, the company took an average of 68.18 days to pay its suppliers, a decrease from 72.14 days in 2022. This indicates that Meta Platforms Inc improved its efficiency in managing its payables as it took fewer days to settle its obligations.
Comparing this to previous years, in 2021 the number of days of payables was slightly higher at 65.80 days, while in 2020 and 2019, the number of days of payables were significantly lower at 29.10 days and 38.96 days respectively. This suggests that Meta Platforms Inc has been historically efficient in managing its payables, although there was a slight increase in 2023 compared to 2021 and a more substantial increase compared to 2020.
Overall, Meta Platforms Inc's number of days of payables indicates the company's payment practices and how quickly it settles its liabilities to suppliers. It is important to monitor this ratio to ensure efficient working capital management and healthy supplier relationships.
Peer comparison
Dec 31, 2023