Yelp Inc (YELP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 78.43 | 7.28 | 4.84 | 6.46 | 10.40 | |
| Number of days of payables | days | 4.65 | 50.15 | 75.37 | 56.51 | 35.10 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 78.43
= 4.65
The number of days of payables for Yelp Inc has fluctuated over the past five years. As of December 31, 2023, Yelp Inc takes approximately 37.92 days to pay its suppliers, which is a significant improvement from the 50.15 days in 2022. This indicates that the company is managing its payables more efficiently and potentially negotiating better payment terms with its suppliers.
In 2021, the number of days of payables increased to 75.37 days, showing a delay in payment to suppliers compared to the previous years. However, Yelp Inc was able to reduce this number to 56.51 days in 2020, before further improving to 35.10 days in 2019.
Overall, the downward trend in the number of days of payables suggests that Yelp Inc has been successful in managing its payables and optimizing its cash flow by potentially extending payment terms with suppliers. It is important for the company to continue monitoring and optimizing its payables to maintain a healthy balance between managing cash flow and sustaining supplier relationships.
Peer comparison
Dec 31, 2023