Verizon Communications Inc (VZ)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		5.13	5.78	5.16	5.14	7.34
Number of days of payables	days	71.21	63.15	70.71	71.08	49.72

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.13
= 71.21

Verizon Communications Inc's number of days of payables has shown some fluctuation over the years based on the provided data. It increased from 49.72 days as of December 31, 2020, to 71.08 days as of December 31, 2021. Subsequently, there was a minor decrease to 70.71 days by December 31, 2022. However, the number of days of payables decreased further to 63.15 days as of December 31, 2023 before increasing again to 71.21 days by December 31, 2024. Overall, the trend indicates that Verizon's payables are taking longer to settle over the years, which could be influenced by various factors such as changes in payment terms with suppliers or shifts in the company's cash flow management strategies.