Verra Mobility Corp (VRRM)

The number of days of payables for Verra Mobility Corp has fluctuated over the past five years, indicating changes in the company's payment practices to its suppliers. In 2023, the number of days of payables increased to 661.33 days from 616.82 days in 2022, suggesting that the company took more time to pay its bills compared to the previous year. This could be due to various reasons such as cash flow management, negotiation strategies with suppliers, or changes in the company's operations.

Looking at the trend over the five-year period, we observe that in 2021, the number of days of payables peaked at 701.59 days, which was significantly higher compared to 2020 when it was 375.55 days. This increase may indicate that Verra Mobility Corp extended its payment terms with suppliers or had challenges with managing its working capital during that period.

In 2019, the number of days of payables was at its highest at 952.32 days, suggesting that the company took almost three years to settle its payables. However, there has been a decreasing trend since then, with fluctuations in the following years.

Overall, the analysis of Verra Mobility Corp's number of days of payables shows variability in the company's payment patterns, which could be influenced by internal and external factors impacting its financial operations and relationships with suppliers. It is important for stakeholders to closely monitor these trends to assess the company's liquidity, cash flow management, and overall financial health.

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Dec 31, 2023