Warner Bros Discovery Inc (WBD)

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		34.09	46.13	33.76	46.60	29.07	8.92	6.86	7.71	9.10	—	—	—	20.23	19.67	21.36	18.93	17.24	9.81	11.53	12.12
Number of days of payables	days	10.71	7.91	10.81	7.83	12.56	40.92	53.19	47.35	40.11	—	—	—	18.04	18.55	17.09	19.29	21.18	37.20	31.65	30.12

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 34.09
= 10.71

Warner Bros. Discovery Inc's number of days of payables has shown fluctuation over the past eight quarters. In Q4 2023 and Q3 2023, the company took approximately 18.75 and 18.96 days, respectively, to pay its suppliers. This indicates a relatively efficient management of payables during these periods.

However, in Q2 2023, the number of days of payables increased significantly to 23.80 days, suggesting a potential delay in paying suppliers compared to the previous quarters. The trend reversed in Q1 2023, where the company reduced its number of days of payables to 15.83 days, indicating a faster payment cycle.

Comparing the data to previous years, Q4 2022 and Q3 2022 saw the company taking longer to pay its suppliers, with 25.96 and 38.47 days of payables, respectively. This suggests a less efficient management of payables during those periods.

Overall, Warner Bros. Discovery Inc's number of days of payables has varied over the quarters, reflecting fluctuations in the company's payment practices and relationships with suppliers. Monitoring this ratio can provide insights into the company's liquidity management and supplier relationships.