SolarWinds Corp (SWI)

Number of days of payables

		Jun 30, 2024	Mar 31, 2024	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
Payables turnover		53.26	54.14	53.76	60.49	77.25	166.68	106.10	140.27	131.83	41.70	30.98	16.53	21.23	11.17	17.07	17.17	21.08	22.80	18.52	24.37
Number of days of payables	days	6.85	6.74	6.79	6.03	4.72	2.19	3.44	2.60	2.77	8.75	11.78	22.08	17.20	32.68	21.39	21.26	17.32	16.01	19.71	14.98

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 53.26
= 6.85

The number of days of payables for SolarWinds Corp has shown some fluctuations over the past few quarters. For the most recent quarter ending June 30, 2024, the company took approximately 6.85 days to pay its suppliers on average. This is a slight increase compared to the prior quarter's figure of 6.74 days ending March 31, 2024.

Looking further back, we observe a decreasing trend in the number of days of payables since the end of 2022. The company's payables turnover improved significantly from 32.68 days in March 31, 2021, to single-digit days in the following quarters, indicating a more efficient management of its payables.

It is worth noting that the number of days of payables can provide insights into the company's working capital management and relationships with suppliers. A decreasing trend in this ratio may signify better negotiation power with suppliers, improved cash flow management, or stricter payment terms.

Overall, SolarWinds Corp's ability to pay its suppliers within a relatively short timeframe reflects a positive aspect of its financial operations and liquidity position.