ArcBest Corp (ARCB)
Number of days of payables
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Payables turnover | 8.52 | 6.55 | 5.00 | 8.03 | 10.77 | |
Number of days of payables | days | 42.82 | 55.68 | 73.04 | 45.44 | 33.88 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.52
= 42.82
To analyze ArcBest Corp's number of days of payables, we need specific data on accounts payable and cost of goods sold (COGS) from the financial statements for each year provided. Unfortunately, without these figures, we are unable to calculate the number of days of payables for ArcBest Corp and provide a detailed analysis for each year.
The number of days of payables is a critical ratio that measures how long it takes a company to pay its suppliers. A lower number of days indicates that the company is paying its suppliers more quickly, while a higher number of days suggests that the company is taking longer to settle its payables.
In order to perform a thorough analysis and understand the trend over the years, we would require the specific data on accounts payable and COGS for each year listed in the table. This information is crucial for evaluating the efficiency of ArcBest Corp's payables management and its relationship with suppliers.
Peer comparison
Dec 31, 2023