Ziff Davis Inc (ZD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.60 | 1.62 | 1.44 | — | — | |
| Number of days of payables | days | 228.03 | 225.53 | 254.22 | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.60
= 228.03
The number of days of payables for Ziff Davis Inc has shown a slight increase over the past year, reaching 228.03 days as of December 31, 2023, compared to 225.53 days as of December 31, 2022. This metric indicates the average number of days it takes for the company to pay its outstanding invoices to suppliers. A higher number of days of payables may suggest that the company is taking longer to settle its bills, potentially indicating liquidity constraints or a deliberate effort to optimize cash flow by delaying payments. It is important for stakeholders to monitor this trend to ensure efficient management of trade credit and working capital.