T-Mobile US Inc (TMUS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.40 | 3.67 | 3.57 | 4.17 | 3.51 | |
| Number of days of payables | days | 83.01 | 99.39 | 102.15 | 87.50 | 103.95 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.40
= 83.01
The number of days of payables for T-Mobile US Inc has shown a fluctuating trend over the past five years. In 2023, the company took approximately 67.38 days to pay off its suppliers, which represents an improvement compared to the previous year. This could indicate a more efficient management of payables during the most recent period.
However, looking at a longer trend, the number of days of payables has been somewhat volatile, ranging from 64.80 days in 2021 to 85.18 days in 2019. This suggests that T-Mobile's payment practices have not been consistently stable over the years.
Overall, it is important for the company to closely monitor its payables turnover and strive for a balance between managing cash flow effectively and maintaining good relationships with suppliers.