Meta Platforms Inc. (META)

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 4.54 5.17 6.75 5.56 4.13 4.80 4.67 5.63 4.41 6.93 10.37 9.75 12.54 13.54 15.15 16.18 9.37 14.04 17.31 16.96
Number of days of payables days 80.32 70.56 54.04 65.61 88.28 76.04 78.12 64.88 82.75 52.67 35.19 37.45 29.10 26.96 24.10 22.56 38.96 26.00 21.09 21.52

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.54
= 80.32

To analyze Meta Platforms Inc's number of days of payables, we look at how long, on average, the company takes to pay its suppliers. Lower number of days of payables indicates that the company is able to pay its suppliers more quickly, potentially indicating strong liquidity or efficient working capital management.

Over the past eight quarters, Meta Platforms Inc's number of days of payables has varied. In Q4 2023, the number of days of payables was 68.18 days, compared to 59.99 days in Q3 2023, indicating an increase in the number of days it takes to pay suppliers quarter over quarter. The figure of 43.25 days in Q2 2023 marked a significant decrease from the previous quarter, demonstrating an efficient payment cycle during that period.

Comparing the data to the same quarter in the previous year, in Q4 2022, the number of days of payables was 72.14 days, slightly higher than in Q4 2023. Conversely, in Q1 2022, the number of days was lower at 50.37 days.

Overall, fluctuations in the number of days of payables may reflect changing payment terms with suppliers, shifts in purchasing patterns, or alterations in cash flow management strategies within the company. It is essential to monitor this metric over time to gauge Meta Platforms Inc's financial health and operational efficiency in managing its payables effectively.


Peer comparison

Dec 31, 2023


See also:

Meta Platforms Inc. Average Payables Payment Period (Quarterly Data)