Shenandoah Telecommunications Co (SHEN)

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		5.20	4.88	5.06	4.39	4.30	4.63	5.39	6.91	4.97	10.34	7.49	8.42	8.11	1.75	2.46	3.27	3.31	10.32	10.01	12.89
Number of days of payables	days	70.13	74.78	72.14	83.07	84.89	78.80	67.72	52.82	73.38	35.28	48.75	43.34	45.01	208.64	148.38	111.56	110.23	35.37	36.47	28.32

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.20
= 70.13

The number of days of payables for Shenandoah Telecommunications Co. has displayed fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 184.20 days, which indicates that, on average, the company takes approximately 184.20 days to pay off its outstanding payables. This figure has increased compared to the previous quarter, where it was 147.40 days.

Looking back over the quarters, the number of days of payables has been as low as 74.22 days in Q1 2022, reflecting a tighter payment window, and reached a peak of 184.20 days in Q4 2023, suggesting a longer payment cycle.

The trend in the number of days of payables can provide insights into the company's working capital management and relationships with suppliers. A longer number of days of payables may indicate that the company is taking longer to settle its debts, potentially signaling liquidity challenges or strained supplier relationships. Conversely, a shorter number of days of payables may suggest tighter control over cash flows or favorable payment terms with suppliers.

Further analysis of the company's financial performance and operational efficiency in conjunction with the number of days of payables can provide a more comprehensive understanding of Shenandoah Telecommunications Co.'s financial health and management of its working capital.