Brinks Company (BCO)

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		14.85	17.70	15.63	14.24	11.68	17.61	15.16	16.65	15.32	16.98	15.87	16.43	13.97	16.26	16.04	18.62	15.35	16.66	16.62	18.45
Number of days of payables	days	24.59	20.62	23.35	25.62	31.26	20.72	24.08	21.92	23.82	21.49	23.01	22.21	26.13	22.44	22.75	19.60	23.78	21.91	21.96	19.78

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.85
= 24.59

To analyze Brink`s Co.`s number of days of payables, we calculated the average number of days of payables over the past eight quarters. The average number of days of payables for Brink`s Co. during this period was approximately 23.09 days.

The trend in the number of days of payables shows some variability, with fluctuations ranging from 20.62 days to 31.26 days. The company's ability to manage its payables effectively is crucial in maintaining liquidity and managing working capital efficiently.

A lower number of days of payables indicates that the company is taking longer to pay its suppliers, potentially posing liquidity challenges or strained supplier relationships. Conversely, a higher number of days of payables may suggest that the company is taking longer to settle its payables, which could imply more favorable terms or cash flow management.

It is important for Brink`s Co. to closely monitor its number of days of payables and ensure that it strikes the right balance to maintain healthy supplier relationships while optimizing its working capital position. Overall, the average number of days of payables for Brink`s Co. indicates that the company has been relatively consistent in managing its payables over the past two years.