CDW Corp (CDW)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.92 | 7.89 | 6.28 | 8.38 | 9.22 | |
| Number of days of payables | days | 52.77 | 46.29 | 58.14 | 43.56 | 39.57 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.92
= 52.77
The number of days of payables for CDW Corp has shown some fluctuations over the past five years. In 2023, the number of days of payables increased to 72.28 days from 63.96 days in 2022. This indicates that CDW Corp took longer to pay its suppliers in 2023 compared to the previous year.
Comparing 2023 to 2021, there was also an increase in the number of days of payables, rising from 75.37 days to 72.28 days. This suggests that CDW Corp took slightly less time to pay its suppliers in 2023 compared to 2021.
In 2022, the number of days of payables decreased from 75.37 days in 2021 to 63.96 days, indicating that CDW Corp improved its payable turnover during that year.
Similarly, there was a decrease in the number of days of payables from 62.51 days in 2020 to 55.14 days in 2019, showing that CDW Corp was more efficient in paying its suppliers in 2019 compared to 2020.
Overall, the trend in the number of days of payables for CDW Corp has shown some variability, with fluctuations observed across the years, potentially reflecting changes in the company's payment processes and supplier relationships.
Peer comparison
Dec 31, 2023