Zebra Technologies Corporation (ZBRA)
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 | 7.25 | 8.28 | 6.72 | 6.61 | 5.36 | 5.20 | 5.28 | 6.17 | 5.88 | 6.50 | 6.31 | 6.14 | 5.62 | 6.09 | 6.54 | 7.56 | 6.13 | 6.64 | 7.03 | 7.14 | |
| Number of days of payables | days | 50.34 | 44.06 | 54.28 | 55.18 | 68.11 | 70.16 | 69.09 | 59.14 | 62.07 | 56.18 | 57.83 | 59.45 | 64.92 | 59.94 | 55.79 | 48.26 | 59.57 | 54.96 | 51.95 | 51.09 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.25
= 50.34
Zebra Technologies Corp. exhibits varying trends in its number of days of payables over the past eight quarters. The number of days of payables has fluctuated, with a noticeable decrease in Q3 2023 compared to the previous quarter, indicating a potential improvement in the company's ability to pay its suppliers. However, Q2 and Q1 2023 showed slightly higher numbers of days of payables, suggesting a longer period for settling outstanding obligations.
Overall, Zebra Technologies Corp. has historically managed its payables efficiently, with the number of days typically ranging between 58 and 97 days. The company's ability to effectively manage its payables is important for its working capital management and financial health. Further analysis and comparison with industry benchmarks can provide additional insights into the effectiveness of Zebra Technologies Corp.'s payables management practices.
Peer comparison
Dec 31, 2023