The Chefs Warehouse Inc (CHEF)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 23, 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 | 16.73 | 15.29 | 15.03 | 16.12 | 15.51 | 16.22 | 14.92 | 16.12 | 14.83 | 11.27 | 9.50 | 10.94 | 12.91 | 14.08 | 17.51 | 13.15 | 12.74 | 15.06 | 13.56 | 14.72 | |
| Number of days of payables | days | 21.81 | 23.87 | 24.28 | 22.65 | 23.53 | 22.51 | 24.46 | 22.64 | 24.61 | 32.39 | 38.44 | 33.36 | 28.26 | 25.93 | 20.84 | 27.76 | 28.64 | 24.24 | 26.91 | 24.80 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.73
= 21.81
The number of days of payables for The Chefs Warehouse Inc has shown some fluctuation over the past few quarters. On average, the company takes around 24 days to pay its suppliers.
The trend indicates that the company has been managing its payables efficiently, with the number of days of payables decreasing in the more recent quarters. This could signify improved working capital management as the company is taking longer to pay its suppliers, potentially freeing up cash for other uses.
A lower number of days of payables can indicate a more favorable position for the company, as it suggests that they are able to negotiate better payment terms with suppliers or are in a strong cash position. However, it is essential to monitor this metric closely as a significant increase in the number of days of payables could signal potential cash flow issues or strained relationships with suppliers.
Peer comparison
Dec 31, 2023