Yelp Inc (YELP)
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 | 77.48 | 23.13 | 13.47 | 7.30 | 6.67 | 60.75 | 24.78 | 22.50 | 4.84 | 3.89 | 4.27 | 10.51 | 6.46 | 5.51 | 24.08 | 10.58 | 10.40 | 19.12 | 20.01 | 19.59 | |
| Number of days of payables | days | 4.71 | 15.78 | 27.11 | 49.98 | 54.71 | 6.01 | 14.73 | 16.22 | 75.37 | 93.73 | 85.47 | 34.74 | 56.51 | 66.20 | 15.16 | 34.51 | 35.10 | 19.09 | 18.24 | 18.64 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 77.48
= 4.71
To analyze Yelp Inc's number of days of payables over the past eight quarters, we observe variations in the payment period maintained by the company with its creditors. The number of days of payables indicates the average number of days it takes for Yelp to pay its suppliers and vendors after receiving goods or services.
In Q4 2023, Yelp's number of days of payables was 37.92 days, which increased from the previous quarter. This suggests that Yelp took slightly longer to settle its payables compared to Q3 2023 when it was 21.54 days. However, it was lower than the figure reported in Q2 2023 at 39.21 days.
Compared to Q1 2023, which had a notably longer payment period of 61.48 days, Yelp's efficiency in managing its payables improved in Q4 2023. This trend reflects a potential focus on optimizing cash flow management and supplier relationships.
Looking back further, Q4 2022 had a number of days of payables at 50.15 days, indicating that Yelp's payment cycle was shorter in Q4 2023. Similarly, there was a decreasing trend from Q3 2022, which recorded 37.44 days of payables, to reach the Q4 2023 figures.
While there were fluctuations in Yelp's number of days of payables over the past quarters, it is crucial to monitor this metric over time to assess the company's liquidity position, working capital management, and vendor negotiation strategies. A sustained downward trend in payables days could indicate improved cash flow efficiency, whereas a significant increase may raise concerns about liquidity and potential strains on financial resources.
Peer comparison
Dec 31, 2023