Telephone and Data Systems Inc (TDS)

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		6.53	3.28	5.04	5.31	3.55	3.51	3.93	4.45	3.54	3.72	4.60	4.73	3.40	4.33	5.02	4.69	4.71	4.57	4.75	5.77
Number of days of payables	days	55.91	111.34	72.48	68.72	102.72	104.11	92.87	82.00	102.97	98.03	79.32	77.16	107.43	84.38	72.75	77.77	77.56	79.87	76.77	63.29

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.53
= 55.91

The number of days of payables for Telephone And Data Systems, Inc. has fluctuated over the past eight quarters. In Q4 2023, the company had 56.30 days of payables, which decreased from the previous quarter Q3 2023 (84.03 days). This suggests that the company took fewer days to pay its suppliers in Q4 2023. Comparing to Q4 2022 (72.00 days), there was also a notable improvement in managing payables.

Overall, the trend indicates some variability in the management of payables, with improvements seen in Q4 2023 compared to previous quarters. Keeping track of this metric will be crucial to monitor the company's cash flow and efficiency in managing its accounts payable.