TripAdvisor Inc (TRIP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 49.61 | 30.03 | 30.44 | 39.61 | 90.55 | |
| Number of days of payables | days | 7.36 | 12.16 | 11.99 | 9.21 | 4.03 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 49.61
= 7.36
The number of days of payables for TripAdvisor Inc. has shown fluctuations over the past five years. As of December 31, 2023, the company took approximately 68.59 days to pay its suppliers and vendors, showing an improvement from the previous year when it took 122.72 days. This suggests that the company has been managing its payables more efficiently in the most recent period.
Comparing to the data from five years ago, on December 31, 2019, TripAdvisor Inc. was taking significantly fewer days to pay its obligations, with only 42.71 days. However, the number of days of payables increased in the following years, peaking at 133.18 days on December 31, 2021, before decreasing again in the most recent year.
The trend in the number of days of payables indicates fluctuations in the company's payment practices and relationships with suppliers. A lower number of days of payables may imply that the company is managing its working capital effectively or negotiating favorable payment terms, while a higher number may suggest potential liquidity issues or strained supplier relationships. Further analysis of the company's financial position and cash flows would provide more insight into the reasons behind these fluctuations.
Peer comparison
Dec 31, 2023