ArcBest Corp (ARCB)
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 | 8.49 | 7.37 | 7.23 | 7.01 | 6.53 | 5.25 | 4.85 | 4.74 | 4.99 | 6.60 | 7.20 | 7.79 | 8.02 | 6.42 | 7.41 | 8.60 | 8.17 | 9.14 | 8.76 | 10.01 | |
| Number of days of payables | days | 42.97 | 49.51 | 50.49 | 52.04 | 55.89 | 69.49 | 75.27 | 76.93 | 73.13 | 55.34 | 50.72 | 46.88 | 45.51 | 56.82 | 49.28 | 42.44 | 44.68 | 39.95 | 41.66 | 36.48 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.49
= 42.97
To perform an analysis of ArcBest Corp's number of days of payables, we would need specific data for each quarter to calculate this financial metric. Unfortunately, the table provided does not contain any numerical values for the number of days of payables for the specified quarters.
The number of days of payables is a financial ratio that measures how many days, on average, a company takes to pay its suppliers for goods or services received. A lower number of days of payables indicates that the company is paying its suppliers more quickly, while a higher number suggests the company is taking more time to pay its obligations.
Without the numerical values for the number of days of payables for ArcBest Corp's quarters, we are unable to provide a detailed analysis of this metric. If you can provide the specific data for each quarter, we would be happy to assist you in analyzing the trend and implications of ArcBest Corp's number of days of payables over time.
Peer comparison
Dec 31, 2023