Shutterstock (SSTK)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 90.76 | 84.38 | 98.90 | 63.04 | 223.87 | |
| Number of days of payables | days | 4.02 | 4.33 | 3.69 | 5.79 | 1.63 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 90.76
= 4.02
The number of days of payables for Shutterstock has shown fluctuations over the past five years. In December 2020, the company had an exceptionally low number of days of payables at 1.63 days, indicating a very efficient strategy in managing its accounts payable. However, by December 2021, this figure increased significantly to 5.79 days, suggesting a slower pace of paying off its obligations.
In the following years, there were further changes in the number of days of payables. By December 2022, the metric decreased to 3.69 days, indicating an improvement in the efficiency of managing payables compared to the previous year. In December 2023, the number of days of payables rose slightly to 4.33 days, suggesting a moderate increase in the time it takes for Shutterstock to settle its payables.
Most recently, as of December 2024, the number of days of payables stood at 4.02 days, showing a slight decrease from the previous year. Overall, the trend in the number of days of payables for Shutterstock demonstrates variability in the company's ability to manage its payables efficiently, with fluctuations observed in different financial years.
Peer comparison
Dec 31, 2024