AutoNation Inc (AN)

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		63.29	63.47	54.85	61.62	66.30	62.74	57.40	55.64	52.77	57.68	49.87	43.18	50.19	48.41	64.37	77.76	61.36	66.23	66.63	65.86
Number of days of payables	days	5.77	5.75	6.65	5.92	5.51	5.82	6.36	6.56	6.92	6.33	7.32	8.45	7.27	7.54	5.67	4.69	5.95	5.51	5.48	5.54

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 shown a relatively stable trend over the past eight quarters, ranging between 5.51 days and 6.65 days. The company's payables turnover indicates the number of days it takes for Autonation to pay its suppliers. In Q4 2023, the number of days of payables stood at 5.77 days, slightly higher than the preceding quarter at 5.75 days. This suggests that Autonation takes approximately 5.77 days to settle its payables to suppliers, which is relatively efficient and indicates strong liquidity management. The consistency in this metric over the quarters indicates that Autonation has been effective in managing its payment obligations to suppliers.