Zebra Technologies Corporation (ZBRA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.02 | 5.40 | 5.93 | 5.68 | 6.19 | |
| Number of days of payables | days | 45.53 | 67.61 | 61.52 | 64.29 | 58.95 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.02
= 45.53
Zebra Technologies Corp.'s number of days of payables has shown some fluctuation over the past five years. The trend indicates that the company has been able to manage its payables more efficiently in recent years.
In 2023, the number of days of payables was 67.63 days, a significant improvement from 93.76 days in 2022. This suggests that in 2023, Zebra Technologies Corp. took fewer days to pay its vendors and suppliers compared to the previous year, indicating possibly more efficient working capital management.
Comparing to the data from 2021 and 2020 when the number of days of payables were 85.20 days and 89.72 days respectively, the trend shows a continuous improvement in managing payables. However, it is worth noting that in 2019, the number of days of payables was slightly lower at 84.48 days compared to 2023.
Overall, the downward trend in the number of days of payables for Zebra Technologies Corp. suggests an improvement in the company's ability to manage its trade credit terms with suppliers, potentially indicating better cash flow management or negotiation power with vendors in recent years.
Peer comparison
Dec 31, 2023