NCR Voyix Corporation (VYX)
Number of days of payables
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Payables turnover | 1.83 | 2.28 | 1.72 | 7.41 | 5.95 | |
Number of days of payables | days | 199.49 | 160.36 | 212.02 | 49.26 | 61.39 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.83
= 199.49
The number of days of payables for NCR Voyix Corporation has shown variability over the past five years. In 2023, the company took approximately 199.49 days to pay its suppliers, reflecting an increase from the previous year. This suggests that the company is taking longer to settle its accounts payable, which may indicate a potential strain on its working capital or liquidity position.
Comparing this to 2021, where the number of days of payables was 212.02 days, there was a significant decrease in 2022 to 160.36 days. This improvement indicates that the company was able to settle its payables more efficiently during that period.
In 2020, the number of days of payables was only 49.26 days, which is significantly lower compared to the other years presented. This might signal that the company was paying its suppliers more quickly during that year, possibly indicating strong cash flow management or favorable payment terms negotiated with suppliers.
The number of days of payables in 2019 was 61.39 days, showing a moderate increase in 2020. This could indicate a change in the company's payment policies or supplier relationships during that period.
Overall, analyzing the trend in the number of days of payables provides insights into the company's payment practices, working capital management, and potential relationships with suppliers over the years.