New York Times Company (NYT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 16.75 | 16.70 | 12.92 | 11.98 | 0.00 | |
| Number of days of payables | days | 21.79 | 21.86 | 28.24 | 30.48 | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.75
= 21.79
The number of days of payables for New York Times Co. has shown a decreasing trend over the past five years, indicating that the company is taking less time to pay off its creditors. In 2019, the company had an unusually high number of days of payables at 560.56 days, possibly due to certain one-time factors or operational inefficiencies. However, this figure has since declined consistently, reaching 34.17 days as of December 31, 2023.
A lower number of days of payables suggests that the company is managing its payables more efficiently, potentially improving its cash flow and working capital management. This trend could be a positive indicator of the company's financial health and operational effectiveness. It is important to monitor this metric to ensure that the company maintains a balance in managing its payables while maintaining good relationships with suppliers and vendors.
Peer comparison
Dec 31, 2023