New York Times Company (NYT)
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 | 16.75 | 24.40 | 26.12 | 23.53 | 25.08 | 22.83 | 23.63 | 17.92 | 19.82 | 9.28 | 10.97 | 9.58 | 7.89 | 10.76 | 9.89 | 3.73 | 2.05 | -7.94 | -4.77 | -1.16 | |
| Number of days of payables | days | 21.79 | 14.96 | 13.97 | 15.51 | 14.55 | 15.98 | 15.45 | 20.37 | 18.42 | 39.34 | 33.26 | 38.11 | 46.27 | 33.91 | 36.92 | 97.74 | 177.76 | — | — | — |
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 been relatively stable over the past eight quarters. In Q4 2023, it was 34.17 days, slightly lower than the previous quarter's 34.70 days. This indicates that the company is taking approximately 34 days to pay its creditors.
Compared to Q1 and Q2 of 2022, where the number of days of payables were 49.86 days and 37.17 days respectively, the recent values suggest improved efficiency in managing payments to suppliers and vendors.
Overall, the trend in the number of days of payables for New York Times Co. suggests that the company is effectively managing its payables and maintaining a healthy relationship with its creditors.
Peer comparison
Dec 31, 2023