SolarWinds Corp (SWI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.97 | 6.83 | 30.98 | 17.07 | 14.36 | |
| Number of days of payables | days | 40.70 | 53.41 | 11.78 | 21.39 | 25.41 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.97
= 40.70
The number of days of payables for SolarWinds Corp has fluctuated over the past five years. In 2023, the company took approximately 40.70 days on average to pay its suppliers, a decrease from the previous year. This indicates that the company was able to manage its payables more efficiently in 2023 compared to 2022.
In 2022, the number of days of payables was 53.41 days, showing an increase from 2021. This suggests that the company took longer to pay its suppliers in 2022, potentially impacting cash flow management.
The lowest number of days of payables in the past five years was recorded in 2021 at 11.78 days, indicating that SolarWinds Corp was able to settle its payables quickly during that year. This may reflect strong liquidity and efficient working capital management.
In 2020 and 2019, the number of days of payables was 21.39 days and 25.41 days, respectively. These figures suggest that the company took a moderate amount of time to pay its suppliers during those years.
Overall, analyzing the trend in the number of days of payables provides insights into SolarWinds Corp's payment practices and its ability to manage its working capital effectively over the years.
Peer comparison
Dec 31, 2023