SolarWinds Corp (SWI)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 65.92 | 53.65 | 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 | |
| Number of days of payables | days | 5.54 | 6.80 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 65.92
= 5.54
The number of days of payables for SolarWinds Corp has shown fluctuations over the periods analyzed. The company's payables turnover cycle indicates the average number of days it takes for SolarWinds to pay its suppliers.
From March 31, 2020, to December 31, 2021, the number of days of payables ranged between 8.75 days to 32.68 days, with the highest being in March 31, 2021. This suggests that during this period, SolarWinds was taking longer to pay its suppliers.
However, there was a significant decrease in the number of days of payables from March 31, 2022, to December 31, 2024, with the value ranging from 2.19 days to 6.85 days. This reduction in the number of days of payables indicates that SolarWinds has improved its efficiency in paying its suppliers promptly.
Overall, a decrease in the number of days of payables can be positive for the company as it may indicate improved liquidity and better relationships with suppliers.
Peer comparison
Dec 31, 2024