CDW Corp (CDW)
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 | 6.92 | 7.77 | 7.30 | 8.11 | 7.89 | 6.88 | 6.49 | 6.44 | 6.28 | 8.35 | 8.41 | 8.71 | 8.38 | 8.89 | 9.50 | 8.83 | 9.22 | 8.69 | 7.79 | 8.95 | |
| Number of days of payables | days | 52.77 | 46.97 | 49.98 | 45.03 | 46.29 | 53.05 | 56.20 | 56.67 | 58.14 | 43.72 | 43.40 | 41.89 | 43.56 | 41.06 | 38.42 | 41.32 | 39.57 | 42.01 | 46.83 | 40.79 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.92
= 52.77
CDW Corp's number of days of payables has fluctuated over the past eight quarters. In Q4 2023, it was 72.28 days, showing an increase from the previous quarter where it was 69.02 days. This suggests that the company took longer to pay its suppliers during this period.
Comparing to the same quarter of the previous year, in Q4 2022, the number of days of payables was similar at 63.96 days, indicating consistency in the company's payment behavior year over year.
Over the eight quarters analyzed, CDW Corp's number of days of payables ranged between 63.59 days to 76.08 days. This indicates some variability in the company's payment process, with a general trend towards longer payment periods in more recent quarters. Further investigation into the reasons behind these fluctuations would be necessary to understand the company's working capital management strategies.
Peer comparison
Dec 31, 2023