EchoStar Corporation (SATS)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		20.67	0.89	8.72	8.43	8.35
Number of days of payables	days	17.65	408.74	41.86	43.29	43.69

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.67
= 17.65

The number of days of payables for EchoStar Corporation has fluctuated significantly over the past five years. In 2023, the company took approximately 17.65 days to pay off its payables, signaling a relatively efficient payment cycle. This is a significant improvement from 2022, where the company took a prolonged period of 408.74 days to settle its payables, indicating an unusually extended payment cycle.

Looking back at 2021, EchoStar Corporation had a relatively shorter payment cycle of 41.86 days, which suggests the company was managing its payables more effectively compared to the previous year. Similarly, in 2020 and 2019, the number of days of payables for the company was 43.29 days and 43.69 days, respectively, indicating a consistent approach to managing its payables during those years.

Overall, the significant variation in the number of days of payables over the years may reflect changes in EchoStar Corporation's payment policies, supplier relationships, or working capital management strategies. The company's ability to effectively manage its payables can impact its cash flow, liquidity, and relationships with suppliers. Further analysis would be necessary to understand the underlying reasons for the fluctuations observed.