Asbury Automotive Group Inc (ABG)
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 | 77.42 | — | — | — | 83.67 | — | — | — | 48.42 | — | — | — | 60.54 | — | — | — | 73.95 | — | — | — | |
| Number of days of payables | days | 4.71 | — | — | — | 4.36 | — | — | — | 7.54 | — | — | — | 6.03 | — | — | — | 4.94 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 77.42
= 4.71
The number of days of payables for Asbury Automotive Group Inc in Q4 2023 was 4.71 days, which indicates that the company takes approximately 4.71 days to pay its suppliers for goods or services purchased on credit during that period. Compared to Q4 2022, where it took 4.36 days to pay its payables, there seems to have been a slight increase in the number of days taken to settle obligations. However, without data for the other quarters in 2023, it is challenging to assess any trend or draw meaningful comparisons. Monitoring this ratio over time can provide insights into the company's payment efficiency and management of working capital.
Peer comparison
Dec 31, 2023