NCR Voyix Corporation (VYX)
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 | 1.85 | 1.73 | 1.63 | 1.40 | 2.28 | 1.64 | 1.55 | 1.66 | 1.72 | 3.04 | 4.21 | 5.47 | 7.41 | 7.00 | 7.13 | 6.30 | 5.95 | 6.25 | 6.32 | 6.04 | |
| Number of days of payables | days | 197.35 | 211.22 | 223.79 | 259.90 | 160.36 | 223.13 | 235.96 | 219.83 | 212.02 | 120.05 | 86.63 | 66.75 | 49.26 | 52.12 | 51.20 | 57.96 | 61.39 | 58.41 | 57.72 | 60.45 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.85
= 197.35
The number of days of payables for NCR Voyix Corporation has shown fluctuations over the past few years, indicating changes in the company's payment practices. The trend reveals that the company took longer to pay its accounts payable in the early quarters of 2023, with 259.90 days recorded on March 31, 2023, which might have implications on its supplier relationships and cash flow management.
In comparison, the company improved its payment efficiency in the later quarters of 2023, with the number of days of payables reduced to 197.35 days by December 31, 2023. The decrease in days of payables suggests that the company may have renegotiated payment terms with its suppliers or implemented more effective cash management strategies.
Overall, analyzing the number of days of payables can provide insights into the company's liquidity position, working capital management, and relationships with suppliers. It is essential for stakeholders to monitor this metric to assess the company's financial health and operational efficiency.