VeriSign Inc (VRSN)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 18.06 | 15.78 | 20.48 | 21.33 | 14.60 | |
| Number of days of payables | days | 20.21 | 23.12 | 17.82 | 17.11 | 25.00 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.06
= 20.21
VeriSign Inc's number of days of payables have shown fluctuations over the period from December 31, 2020, to December 31, 2024. The company's days of payables decreased from 25.00 days as of December 31, 2020, to 17.11 days by December 31, 2021, and further increased to 17.82 days by December 31, 2022. There was a slight rise to 23.12 days by December 31, 2023, before declining again to 20.21 days by December 31, 2024.
A decreasing number of days of payables can indicate that VeriSign Inc is taking less time to pay off its outstanding accounts payable, potentially improving its cash flow position. Conversely, an increasing number of days of payables could suggest that the company is taking longer to settle its payables, which may lead to liquidity-related challenges.
Overall, a thorough analysis of VeriSign Inc's number of days of payables suggests that the company has been managing its payables effectively, with fluctuations reflecting changes in its payment policies or external factors impacting its working capital management.
Peer comparison
Dec 31, 2024