Motorola Solutions Inc (MSI)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		7.72	6.24	6.77	8.84	9.12
Number of days of payables	days	47.30	58.45	53.91	41.28	40.02

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.72
= 47.30

Motorola Solutions Inc's number of days of payables has displayed fluctuations over the past five years. In 2023, the number of days of payables decreased to 74.41 days from 90.22 days in 2022, indicating that the company took fewer days to pay its suppliers compared to the previous year. This may imply improved efficiency in managing payables or negotiating better terms with suppliers.

Comparing to 2021 and 2020, the number of days of payables has shown variability, with 2021 reflecting a higher number of days at 95.95 compared to 74.42 days in 2020. This fluctuation suggests changes in the company's payment policies or potentially its relationships with suppliers during those years.

In 2019, the number of days of payables was 71.87 days, slightly lower than in 2023, indicating a consistency in managing payables efficiently during that year.

Overall, the decrease in the number of days of payables in 2023 compared to the previous year is a positive sign, suggesting potential improvements in cash flow management or supplier relationships. However, further analysis of the underlying factors influencing these changes would provide more insights into the company's financial performance and operations.