Teradata Corp (TDC)

Number of days of payables

		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	Jun 30, 2019	Mar 31, 2019
Payables turnover		14.11	13.58	12.55	15.22	15.29	18.06	17.65	18.87	21.67	14.43	16.63	27.95	31.48	27.00	25.82	16.96	25.09	16.70	10.75	11.74
Number of days of payables	days	25.87	26.87	29.09	23.99	23.88	20.21	20.68	19.34	16.84	25.29	21.95	13.06	11.59	13.52	14.13	21.52	14.55	21.86	33.97	31.10

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.11
= 25.87

To analyze Teradata Corp's number of days of payables, we observe a trend of fluctuating days in payables over the past eight quarters. The number of days of payables ranged from a low of 38.37 days in Q1 2022 to a high of 58.34 days in Q2 2023.

In the most recent quarter, Q4 2023, the number of days of payables decreased to 50.84 days compared to the previous quarter, Q3 2023, where it was 53.15 days. This suggests that Teradata Corp was able to manage its payables more efficiently in Q4 2023.

Overall, the trend in the number of days of payables indicates that there have been fluctuations in how long it takes Teradata Corp to pay its outstanding obligations to suppliers over the past two years. Further analysis would be needed to understand the reasons behind these fluctuations and assess the effectiveness of the company's working capital management strategies.