N-Able Inc (NABL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 52.53 | 76.83 | 48.56 | 84.86 | 74.31 | 98.55 | 62.43 | 83.88 | ||||
| Number of days of payables | days | 6.95 | 4.75 | 7.52 | 4.30 | 4.91 | 3.70 | 5.85 | 4.35 |
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 shown some fluctuations over the past few quarters. The trend indicates that the company takes an average of about 5 days to pay its suppliers.
In the most recent quarter, ending December 31, 2023, the number of days of payables increased to 6.95 days from 4.75 days in the previous quarter. This suggests that the company took longer than usual to pay its suppliers during this period.
Looking back further, there was a similar increase in the number of days of payables in the quarter ending June 30, 2023, at 7.52 days, compared to 4.30 days in the preceding quarter. This indicates that the company may have faced challenges managing its payables during that period.
On the other hand, in the quarter ending September 30, 2022, the number of days of payables decreased to 3.70 days from 5.85 days in the previous quarter. This suggests that the company paid its suppliers more promptly during that period.
Overall, fluctuations in the number of days of payables can indicate changes in the company's payment practices, efficiency in managing working capital, or relationships with suppliers. It is important for N-Able Inc to closely monitor and manage its payables to ensure healthy supplier relationships and efficient cash flow management.
Peer comparison
Dec 31, 2023