Ziff Davis Inc (ZD)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.22 | 1.51 | 1.62 | 1.44 | — | |
| Number of days of payables | days | 299.46 | 242.33 | 225.53 | 254.22 | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.22
= 299.46
To analyze Ziff Davis Inc's number of days of payables from 2020 to 2024, we observe the following trend:
1. December 31, 2020: Data not provided.
2. December 31, 2021: Payables were outstanding for an average of 254.22 days.
3. December 31, 2022: Payables were outstanding for an average of 225.53 days.
4. December 31, 2023: Payables were outstanding for an average of 242.33 days.
5. December 31, 2024: Payables were outstanding for an average of 299.46 days.
The number of days of payables represents the average number of days a company takes to pay off its suppliers. The increase in the number of days from 2021 to 2024 indicates that Ziff Davis Inc is taking longer to settle its payables. This could be due to various reasons such as cash flow constraints, renegotiation of payment terms with suppliers, or changes in the company's purchasing processes.
The increasing trend in the number of days of payables may raise concerns about the company's liquidity and ability to manage its working capital effectively. It is essential for Ziff Davis Inc to monitor and manage its payables carefully to ensure they are maintaining good relationships with suppliers while also managing their cash flow efficiently.