Aramark Holdings (ARMK)

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		16.35	14.24	16.34	14.56	14.53	11.53	16.00	14.49	15.98	12.52	15.96	15.13	17.44	18.76	22.13	18.64	17.23	14.64	17.70	15.84
Number of days of payables	days	22.33	25.64	22.33	25.06	25.13	31.65	22.82	25.20	22.84	29.15	22.87	24.12	20.92	19.46	16.49	19.59	21.18	24.94	20.62	23.04

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.35
= 22.33

The number of days of payables for Aramark Holdings has fluctuated over the past couple of years, ranging from as low as 16.49 days to as high as 31.65 days. It appears that the company has been able to effectively manage its payables, with the latest data showing a decrease to 22.33 days as of December 31, 2023. This indicates that on average, Aramark takes approximately 22 days to pay its suppliers and vendors.

Analyzing the trend, we can observe that the number of days of payables has been relatively stable, with some minor fluctuations. It is important to note that a lower number of days of payables generally suggests that the company is paying its suppliers more quickly, which could potentially impact cash flow and liquidity. Conversely, a higher number of days of payables may indicate that the company is taking longer to settle its payables, potentially improving cash flow but also raising questions about vendor relationships.

Overall, the trend in Aramark's number of days of payables indicates efficient management of supplier payments, but further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the company's payables management practices.