VeriSign Inc (VRSN)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Payables turnover 18.06 22.80 21.48 20.90 15.78 21.20 26.41 30.29 20.48 25.25 22.17 26.43 21.33 30.26 15.83 16.14 14.60 17.26 12.03 17.30
Number of days of payables days 20.21 16.01 16.99 17.46 23.12 17.22 13.82 12.05 17.82 14.45 16.46 13.81 17.11 12.06 23.06 22.61 25.00 21.15 30.33 21.10

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 has shown fluctuations over the periods reported. Initially, the number of days of payables was around 20-30 days, indicating that the company took slightly more than three weeks to pay its suppliers. However, there was a noticeable decrease in the number of days of payables in the later periods, with the figure dropping to as low as 12 days and then gradually increasing to around 16-20 days.

A lower number of days of payables suggests that VeriSign Inc is managing its payables more efficiently, possibly negotiating better payment terms with its suppliers or improving its cash flow management. On the other hand, a higher number of days of payables could indicate liquidity issues or challenges in meeting its payment obligations promptly.

Overall, fluctuations in the number of days of payables should be analyzed in conjunction with other financial ratios and metrics to get a comprehensive understanding of VeriSign Inc's working capital management and financial performance.