AT&T Inc (T)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.07 | 2.60 | 2.50 | 2.83 | 2.77 | |
| Number of days of payables | days | 176.29 | 140.47 | 146.11 | 128.99 | 131.96 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.07
= 176.29
The number of days of payables for AT&T, Inc. has been fluctuating over the past five years, ranging from 128.58 days in 2019 to 223.25 days in 2022. In 2023, the number of days of payables decreased to 198.87 days compared to the previous year. This indicates that the company took longer on average to pay its suppliers in 2023 compared to 2019 but has improved from the peak in 2022. A higher number of days of payables may suggest that AT&T is taking longer to pay its outstanding bills, which could potentially strain its relationships with suppliers. Monitoring this metric is crucial as it can provide insights into the company's liquidity and cash flow management practices.
Peer comparison
Dec 31, 2023