Verra Mobility Corp (VRRM)

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		3.57	2.81	3.30	3.68	3.38	3.82	3.63	3.67	3.16	2.40	2.18	2.43	2.86	3.98	5.08	4.85	3.63	6.11	6.23	4.99
Number of days of payables	days	102.21	129.88	110.58	99.25	108.06	95.45	100.44	99.49	115.46	152.00	167.31	150.41	127.80	91.77	71.85	75.23	100.56	59.75	58.61	73.12

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.57
= 102.21

The number of days of payables for Verra Mobility Corp has fluctuated over the past eight quarters. In Q4 2023, the company took approximately 661.33 days to pay off its payables, which decreased from 781.64 days in the previous quarter. This indicates a potential improvement in the company's ability to manage its payables efficiently. Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there has been a slight increase from 616.82 days to 661.33 days.

Overall, Verra Mobility Corp's number of days of payables has shown some variability, but it is important to monitor this ratio over time to assess the company's liquidity and payment practices effectively. It is also essential to compare this metric with industry averages and competitors to gain a comprehensive understanding of the company's financial health and operational efficiency.