Shutterstock (SSTK)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 84.38 | 98.90 | 63.04 | 223.87 | 96.55 | |
| Number of days of payables | days | 4.33 | 3.69 | 5.79 | 1.63 | 3.78 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 84.38
= 4.33
Shutterstock Inc's number of days of payables has shown fluctuations over the past five years. As of December 31, 2023, the company takes approximately 9.43 days, on average, to pay its creditors. This represents an increase compared to the previous year, where the number of days of payables was 8.34 days.
When comparing to December 31, 2021, there was a notable decrease in the number of days of payables, which stood at 13.27 days. On the other hand, the company's payment cycle was significantly shorter in 2020, with only 3.43 days of payables, indicating a more efficient management of payables during that period.
Furthermore, in 2019, the number of days of payables was recorded at 8.01 days, showing a slight increase compared to 2023. Overall, fluctuations in the number of days of payables suggest variations in the company's payment policies and practices over the years.
Peer comparison
Dec 31, 2023