Netflix Inc (NFLX)

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 26.38 37.07 31.96 33.26 28.54 33.93 36.53 28.76 20.70 25.28 25.56 29.17 23.28 26.93 30.91 24.14 18.45 26.36 25.19 23.98
Number of days of payables days 13.84 9.85 11.42 10.98 12.79 10.76 9.99 12.69 17.64 14.44 14.28 12.51 15.68 13.55 11.81 15.12 19.79 13.85 14.49 15.22

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 26.38
= 13.84

The number of days of payables is a financial ratio that measures how long it takes a company to pay its suppliers for the goods and services it has received. A lower number of days of payables indicates a more efficient management of payables, as the company is able to settle its obligations to suppliers in a shorter time frame.

In the case of Netflix Inc., the number of days of payables has fluctuated over the past eight quarters. On average, the company took around 11 days to pay its suppliers for the goods and services received during this period. The lowest number of days of payables was recorded in the third quarter of 2022 at 9.85 days, while the highest was in the first quarter of 2022 at 12.69 days.

The trend in the number of days of payables for Netflix Inc. indicates that the company has been able to maintain a relatively short payment cycle, which suggests efficient management of its payables. However, it is important to consider this ratio in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding of the company's financial performance and liquidity management.

See also:

Netflix Inc Average Payables Payment Period (Quarterly Data)