Shenandoah Telecommunications Co (SHEN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.21 | 4.22 | 6.79 | 8.89 | 3.34 | |
| Number of days of payables | days | 70.09 | 86.43 | 53.79 | 41.05 | 109.34 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.21
= 70.09
The number of days of payables for Shenandoah Telecommunications Co. has shown a general increasing trend over the past five years. From 55.57 days at the end of 2019, it has steadily climbed to 184.20 days by the end of 2023. This indicates that the company is taking longer to pay its suppliers and vendors.
The significant increase in days of payables from 2022 to 2023 suggests a notable extension in the payment period, potentially indicating a tighter cash position or a deliberate strategy to manage working capital more efficiently. It is essential to further investigate the reasons behind this upward trend to assess its impact on the company's liquidity and relationships with suppliers.
Peer comparison
Dec 31, 2023