CH Robinson Worldwide Inc (CHRW)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		1.72	1.74	1.26	1.58	1.97
Number of days of payables	days	211.80	210.27	288.89	231.45	185.64

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.72
= 211.80

The number of days of payables for C.H. Robinson Worldwide, Inc. has fluctuated over the past five years. In 2023, the company took approximately 31.75 days to pay its outstanding payables, which is higher compared to 2022 but lower than 2021. This suggests that in 2023, the company might be taking slightly longer to settle its payable obligations compared to the prior year. Overall, the trend in the number of days of payables indicates some variability in the company's payment practices over the years.