Paramount Global Class B (PARA)

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		25.52	29.90	23.37	22.70	19.77	29.06	31.45	25.96	30.90	27.34	36.59	35.25	37.55	36.52	31.96	17.23	14.77	41.20	58.42	44.66
Number of days of payables	days	14.30	12.21	15.62	16.08	18.46	12.56	11.60	14.06	11.81	13.35	9.97	10.35	9.72	9.99	11.42	21.19	24.72	8.86	6.25	8.17

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.52
= 14.30

To analyze Paramount Global's number of days of payables, we first need to calculate the average number of days of payables for the most recent quarter and compare it to previous quarters. Given that the specific data is not provided, we cannot calculate the exact average days of payables. However, we can offer a general approach to interpreting this ratio.

Number of days of payables is a liquidity metric that indicates how long, on average, a company takes to pay its suppliers or trade payables. A higher number of days of payables suggests that the company is taking longer to pay its suppliers, potentially indicating a favorable liquidity position as it can hold onto cash longer. Conversely, a lower number of days of payables may indicate tighter liquidity or a more aggressive approach to managing working capital.

To assess Paramount Global's number of days of payables effectively, analysts typically compare the trend over multiple periods. Consistent increases in the number of days of payables could signal that the company is facing financial difficulties or is intentionally delaying payments. Conversely, a decreasing trend may indicate improved cash management or negotiating better payment terms with suppliers.

In the absence of specific data, a deeper analysis is required to understand the underlying reasons driving changes in the number of days of payables and how it aligns with Paramount Global's overall financial performance and strategy. Additional context, such as industry benchmarks and comparisons with peers, would provide a more comprehensive assessment of the company's payables management.