SolarWinds Corp (SWI)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		11.19	8.97	6.83	30.98	17.07
Number of days of payables	days	32.63	40.70	53.41	11.78	21.39

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.19
= 32.63

The number of days of payables for SolarWinds Corp has fluctuated over the years as follows:

- As of December 31, 2020, the company had an average payment period of 21.39 days, indicating that on average, it took approximately 21.39 days for SolarWinds to pay its suppliers.
- By December 31, 2021, the number of days of payables decreased significantly to 11.78 days, suggesting that the company was managing its payables more efficiently or negotiating better payment terms with its suppliers.
- However, by December 31, 2022, the number of days of payables increased substantially to 53.41 days, signifying a significant extension in the payment period. This could potentially indicate cash flow constraints or strategic decisions impacting supplier relationships.
- As of December 31, 2023, the number of days of payables decreased to 40.70 days, yet remained higher compared to previous years, suggesting ongoing fluctuations in the company's payment practices.
- Lastly, by December 31, 2024, the number of days of payables decreased again to 32.63 days, indicating a modest improvement in the efficiency of managing payables compared to the previous year.

Overall, the trend in SolarWinds Corp's number of days of payables shows variability over the years, with potential implications for cash flow management, supplier relationships, and operational decisions within the company.