Charles River Laboratories (CRL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.70 | 4.02 | 3.83 | 5.41 | 5.63 | |
| Number of days of payables | days | 64.07 | 90.86 | 95.24 | 67.44 | 64.85 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.70
= 64.07
The number of days of payables for Charles River Laboratories has fluctuated over the past five years. As of December 31, 2023, the company takes approximately 64.07 days to pay its suppliers. This represents a decrease from the previous year, where it took 90.86 days to settle payables. The current figure is also lower than the numbers reported in 2021 and 2019, indicating an improvement in the company's ability to manage its accounts payable efficiently. However, it is worth noting that in 2020, the number of days of payables was lower at 67.44 days compared to the latest year. Overall, the decreasing trend in the number of days of payables suggests that Charles River Laboratories has been more effective in managing its payment obligations to suppliers in recent years.
Peer comparison
Dec 31, 2023