Teradata Corp (TDC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.69 | 15.94 | 22.78 | 33.16 | 26.06 | |
| Number of days of payables | days | 24.85 | 22.90 | 16.03 | 11.01 | 14.01 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.69
= 24.85
Teradata Corp's number of days of payables has shown an increasing trend over the past five years. In 2023, the company took approximately 50.84 days to pay its payables, which is higher than the 48.05 days in 2022 and significantly higher than the 33.45 days in 2021. This indicates that Teradata is taking longer to pay its suppliers and vendors compared to previous years. The increase in the number of days of payables may suggest a potential strain on the company's liquidity or cash flow management. It is important for stakeholders to monitor this trend closely to assess the impact on the company's financial health and relationships with suppliers.
Peer comparison
Dec 31, 2023