Motorola Solutions Inc (MSI)

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		7.22	8.70	9.44	8.77	6.25	7.24	6.62	7.16	6.77	9.13	10.10	11.05	8.72	10.06	10.99	10.50	9.00	9.34	8.72	7.77
Number of days of payables	days	50.53	41.94	38.67	41.60	58.42	50.45	55.17	50.99	53.91	40.00	36.14	33.03	41.84	36.27	33.22	34.77	40.57	39.09	41.86	46.99

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.22
= 50.53

To analyze the trend in Motorola Solutions Inc's number of days of payables, we observe the following:

- The number of days of payables fluctuated over the past eight quarters, ranging from a low of 58.84 days in Q2 2023 to a high of 90.22 days in Q4 2022.
- There was a decreasing trend from Q4 2022 to Q2 2023, indicating the company was taking longer to pay its payables during this period.
- In Q3 and Q4 2023, there was an increase in the number of days of payables, suggesting either a shift towards longer payment cycles or potential liquidity constraints affecting the company's ability to settle its obligations promptly.
- It is important to monitor this ratio closely as an increasing number of days of payables can indicate potential cash flow issues or strained supplier relationships, while a decreasing trend may suggest improved working capital management.
- Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of Motorola Solutions Inc's payables management efficiency.