Pitney Bowes Inc (PBI)
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 | 3.89 | — | — | — | 3.24 | — | — | — | 8.20 | — | — | — | 8.15 | — | — | — | 6.81 | — | — | — | |
| Number of days of payables | days | 93.94 | — | — | — | 112.53 | — | — | — | 44.49 | — | — | — | 44.80 | — | — | — | 53.57 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.89
= 93.94
Based on the data provided for Pitney Bowes, Inc., the number of days of payables in Q4 2023 was 47.26 days. This metric was not reported for the previous quarters of Q3, Q2, and Q1 2023. Comparing this figure with Q4 2022, where the number of days of payables was slightly higher at 47.84 days, it indicates a slight improvement in managing payables efficiently in Q4 2023. However, without data for the intervening quarters of 2023, it is challenging to analyze the trend over a more extended period accurately. This suggests that while there may have been some short-term improvements in managing payables, a more comprehensive analysis over multiple quarters would provide a clearer picture of Pitney Bowes, Inc.'s payable management strategy.