TripAdvisor Inc (TRIP)

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		49.61	20.09	28.45	37.03	30.00	16.15	19.66	74.83	30.44	34.41	44.87	48.38	38.50	54.29	67.08	28.26	88.45	60.44	73.69	88.00
Number of days of payables	days	7.36	18.17	12.83	9.86	12.17	22.60	18.57	4.88	11.99	10.61	8.14	7.54	9.48	6.72	5.44	12.91	4.13	6.04	4.95	4.15

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 exhibited fluctuations over the past eight quarters. In Q4 2023, the company reported 68.59 days of payables, representing a significant improvement compared to the previous quarter where payables took 177.43 days to be settled. This decrease in the number of days of payables in Q4 2023 may indicate improved efficiency in managing the company's accounts payable.

Looking at the trend over the past year, there have been instances of extended payables periods, such as in Q3 2022 and Q2 2022 where payables took 232.90 days and 190.10 days respectively to be settled. On the other hand, in Q1 2022, the company managed to significantly reduce its payables period to only 52.14 days, showcasing a strong position in managing its payables effectively.

In general, a lower number of days of payables suggests that the company is paying its creditors more quickly, which could be a sign of strong cash flow management or good relationships with suppliers. Conversely, a higher number of days of payables may indicate liquidity challenges or potential strains on relationships with suppliers.

It is important for stakeholders to closely monitor the trend in days of payables to assess the company's liquidity, operational efficiency, and relationships with suppliers over time.