N-Able Inc (NABL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Payables turnover | 52.53 | 74.31 | 45.14 | |
| Number of days of payables | days | 6.95 | 4.91 | 8.09 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 52.53
= 6.95
The number of days of payables for N-Able Inc has seen fluctuations over the past three years, with the values as follows: 6.95 days as of December 31, 2023, 4.91 days as of December 31, 2022, and 8.09 days as of December 31, 2021.
The trend indicates that the number of days it takes for N-Able Inc to pay its payables has varied significantly over the years. The increase in days of payables from 2022 to 2023 suggests a potential slowdown in payment obligations, which may have implications for the company's cash flow management and creditor relationships.
It would be important for N-Able Inc to further analyze the reasons behind these fluctuations in days of payables to ensure optimal working capital management and maintain healthy liquidity levels.
Peer comparison
Dec 31, 2023