Brinks Company (BCO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.85 | 11.68 | 15.32 | 13.97 | 15.35 | |
| Number of days of payables | days | 24.59 | 31.26 | 23.82 | 26.13 | 23.78 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.85
= 24.59
The number of days of payables for Brink`s Co. has fluctuated over the past five years. In 2023, the company took, on average, approximately 24.59 days to pay its accounts payable. This represents a decrease compared to 2022 when it took 31.26 days to pay its payables. The current level of 24.59 days is closer to the level in 2021, when the company took 23.82 days to settle its payables. The trend over the five-year period indicates some variability in the company's payment practices, with the number of days of payables not showing a consistent upward or downward trajectory. Such variations may reflect changes in the company's working capital management, cash flow conditions, or supplier relationships.
Peer comparison
Dec 31, 2023