AutoNation Inc (AN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 63.29 | 66.30 | 52.77 | 50.19 | 61.36 | |
| Number of days of payables | days | 5.77 | 5.51 | 6.92 | 7.27 | 5.95 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 63.29
= 5.77
Autonation Inc.'s number of days of payables has exhibited some fluctuations over the past five years. The trend indicates that the company has been able to manage its payables efficiently. The number of days of payables decreased from 7.27 days in 2020 to 5.77 days in 2023, suggesting an improvement in the company's ability to settle its accounts payable obligations. This decrease in the number of days of payables can be indicative of strong supplier relationships or effective working capital management strategies. Overall, the decreasing trend in the number of days of payables reflects positively on Autonation Inc.'s liquidity position and operational efficiency in managing its payable obligations.
Peer comparison
Dec 31, 2023