CH Robinson Worldwide Inc (CHRW)

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		1.72	1.74	1.82	1.78	1.74	1.50	1.31	1.19	1.26	1.19	1.23	1.37	1.58	1.55	1.50	1.74	1.94	1.89	1.84	1.96
Number of days of payables	days	212.11	210.33	200.53	205.48	210.27	243.04	279.51	307.85	288.89	307.59	296.93	266.50	231.45	235.18	243.93	209.95	187.95	192.93	198.49	186.12

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.72
= 212.11

The analysis of C.H. Robinson Worldwide, Inc.'s number of days of payables over the past eight quarters shows fluctuations in the efficiency of the company's payment cycle. The number of days of payables is an indicator of how long, on average, the company takes to pay its suppliers.

In Q4 2023, the number of days of payables was 31.75 days, slightly decreasing from the previous quarter. This suggests that the company took approximately 31.75 days, on average, to pay its suppliers during this period.

Compared to the same quarter in the previous year (Q4 2022), the number of days of payables has increased, indicating a lengthening of the payment cycle. The company took 25.37 days on average to pay its suppliers in Q4 2022, compared to 31.75 days in Q4 2023.

Overall, the trend in the number of days of payables for C.H. Robinson Worldwide, Inc. has shown fluctuations over the past eight quarters, with variations in the efficiency of the company's payment cycle. It is essential for the company to monitor and manage its payables effectively to maintain healthy relationships with suppliers and optimize its working capital management.