Api Group Corp (APG)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.74 | 10.57 | 9.89 | 12.72 | 18.87 | |
| Number of days of payables | days | 37.48 | 34.54 | 36.92 | 28.70 | 19.34 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.74
= 37.48
The data indicates that Api Group Corp’s number of days of payables has experienced fluctuations over the observed period from December 31, 2020, to December 31, 2024. Specifically, the metric increased from 19.34 days at the end of 2020 to 28.70 days at the end of 2021, reflecting a lengthening of the company's payment cycles to suppliers by approximately 9.36 days. This upward trend continued into 2022, with the number of days of payables reaching 36.92 days, representing an increase of roughly 8.22 days compared to 2021, and indicative of an even more extended period before settling accounts payable.
In subsequent years, the figure decreased slightly to 34.54 days in 2023, implying a modest reduction of about 2.38 days from the previous year but remaining significantly higher than the levels seen at the end of 2021. By 2024, the number of days of payables increased again to 37.48 days, surpassing the prior year’s figure. This suggests a marginal expansion in the payment period, with the company delaying payments by approximately 2.94 days relative to 2023.
Overall, the trend suggests that Api Group Corp has been extending its payables period over the four-year span, alternating slightly between increases and decreases. The general increase from approximately 19 days in 2020 to over 37 days in 2024 indicates a strategic shift towards lengthening its payment cycle, potentially to optimize cash flow management or leverage supplier credit terms.
Peer comparison
Dec 31, 2024