Shutterstock (SSTK)

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		62.99	80.27	88.00	67.87	72.30	106.55	116.49	91.63	63.05	115.54	102.48	87.38	220.75	131.68	123.90	140.76	94.78	135.65	143.14	110.11
Number of days of payables	days	5.80	4.55	4.15	5.38	5.05	3.43	3.13	3.98	5.79	3.16	3.56	4.18	1.65	2.77	2.95	2.59	3.85	2.69	2.55	3.31

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 62.99
= 5.80

Shutterstock Inc's number of days of payables has shown a decreasing trend from Q1 2022 to Q2 2023. This trend indicates that the company has been taking less time to pay its suppliers over time. In Q2 2023, the number of days of payables was 6.73 days, which was the lowest among the periods presented. This suggests that the company has been managing its payables more efficiently, possibly negotiating better payment terms with its suppliers or improving its working capital management. Overall, a decreasing number of days of payables is generally positive as it can improve cash flow and liquidity for the company.