Advance Auto Parts Inc (AAP)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Based on the provided data, Advance Auto Parts Inc's number of days of payables for the years ending December 31, 2020, 2021, 2022, 2023, and 2024 are not available ("— days"). This means that the specific information on the number of days it takes for the company to pay its suppliers is not disclosed or is not calculable with the available data.
The number of days of payables is a crucial metric that reflects the efficiency of a company's management of its accounts payable. A lower number of days of payables typically indicates that a company is paying its suppliers more rapidly, which can signify strong supplier relationships or efficient cash management. On the other hand, a higher number of days of payables may suggest that a company is able to hold onto cash longer, potentially indicating liquidity challenges or strained relationships with suppliers.
Without the specific values of Advance Auto Parts Inc's number of days of payables, it is not possible to assess how the company is managing its accounts payable over the specified years. Additional data or context would be necessary to perform a more in-depth analysis of this aspect of the company's financial performance.
Peer comparison
Dec 31, 2024