Telephone and Data Systems Inc (TDS)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		6.53	3.59	3.58	3.40	4.71
Number of days of payables	days	55.89	101.59	102.01	107.24	77.43

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.53
= 55.89

The number of days of payables for Telephone And Data Systems, Inc. has fluctuated over the past five years, indicating changes in the company's ability to manage its payment terms with suppliers.

In 2023, the number of days of payables decreased to 56.30 days, reflecting a potential improvement in the efficiency of managing supplier payments compared to the previous year. This suggests that the company may have been able to negotiate more favorable payment terms or streamline its accounts payable processes.

In 2022, the number of days of payables increased to 72.00 days, indicating that the company took longer to pay its suppliers compared to the previous year. This could be due to various factors such as changes in supplier relationships or cash flow constraints.

Similarly, in 2021 and 2020, the number of days of payables remained relatively stable at around 71 to 79 days, suggesting a consistent payment behavior by the company during those years.

In 2019, the number of days of payables was at 58.41 days, indicating a relatively shorter payment cycle compared to the subsequent years. This could imply that the company was more efficient in managing its payables in that period.

Overall, fluctuations in the number of days of payables for Telephone And Data Systems, Inc. highlight the importance of closely monitoring and managing supplier payment terms to optimize cash flows and maintain healthy vendor relationships.