VeriSign Inc (VRSN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.78 | 20.48 | 21.33 | 14.60 | 11.35 | |
| Number of days of payables | days | 23.12 | 17.82 | 17.11 | 25.00 | 32.17 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.78
= 23.12
To analyze Verisign Inc.'s number of days of payables, we would need the specific values for each year from the table provided. Without the actual data, a detailed analysis cannot be conducted.
Number of days of payables is a financial ratio that measures the average number of days it takes a company to pay its suppliers for purchases made on credit. A lower number of days of payables indicates that the company is paying its suppliers more quickly, which may signal strong liquidity or good relationships with suppliers. On the other hand, a higher number of days of payables could suggest that the company is managing cash flow more effectively by stretching out payment terms.
To provide a comprehensive analysis, the specific values for each year would need to be known and compared over time to identify any trends or anomalies in how Verisign Inc. manages its payables.
Peer comparison
Dec 31, 2023