The Chefs Warehouse Inc (CHEF)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.87 | 16.75 | 15.52 | 14.84 | 21.66 | |
| Number of days of payables | days | 26.31 | 21.79 | 23.51 | 24.59 | 16.85 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.87
= 26.31
The number of days of payables for The Chefs Warehouse Inc has shown a varying trend over the past five years. As of December 31, 2020, the company took approximately 16.85 days to pay its suppliers, indicating a relatively efficient payables management. However, this number increased to 24.59 days by December 31, 2021, suggesting a longer time taken to settle payables.
Subsequently, by December 31, 2022, the number of days of payables slightly decreased to 23.51 days before further dropping to 21.79 days by the end of 2023. This reduction may imply improved efficiency in managing payables or negotiating better payment terms with suppliers.
However, by December 31, 2024, the number of days of payables increased again to 26.31 days. This suggests a potential delay in settling obligations to suppliers or changes in the company's working capital management strategies.
Overall, fluctuations in the number of days of payables reflect changes in The Chefs Warehouse Inc's approach to managing its payables and relationships with suppliers over the analyzed period. Further analysis of the company's financial performance and cash flow management may provide additional insights into the reasons behind these fluctuations.
Peer comparison
Dec 31, 2024