ArcBest Corp (ARCB)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.41 | 8.77 | 8.21 | 8.67 | 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 | |
| Number of days of payables | days | 35.05 | 41.64 | 44.47 | 42.09 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.41
= 35.05
The number of days of payables for ArcBest Corp has shown some fluctuations over the years. It has ranged from a low of 35.05 days as of December 31, 2024, to a high of 76.93 days as of March 31, 2022. This ratio indicates how long, on average, the company takes to pay its suppliers.
In recent years, there has been a general trend of increasing number of days of payables, with a peak in the first quarter of 2022 followed by a slight decrease in subsequent periods. As of December 31, 2024, the number of days of payables stood at 35.05 days, indicating a relatively efficient management of payables.
It is important to monitor this ratio over time to ensure that the company is managing its payables effectively and maintaining good relationships with its suppliers. Fluctuations in this ratio can provide insights into the company's liquidity, cash flow management, and supplier relationships.
Peer comparison
Dec 31, 2024