Charles River Laboratories (CRL)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.38 | 5.70 | 4.02 | 3.83 | 5.41 | |
| Number of days of payables | days | 38.91 | 64.07 | 90.86 | 95.24 | 67.44 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.38
= 38.91
To analyze Charles River Laboratories' number of days of payables over the years, we observe a fluctuating trend. The number of days of payables was 67.44 days as of December 31, 2020, and increased to 95.24 days by December 31, 2021. This suggests that the company took longer to pay its suppliers in 2021 compared to 2020.
Subsequently, the number of days of payables decreased to 90.86 days by December 31, 2022, followed by a further decrease to 64.07 days by December 31, 2023. This indicates an improvement in the company's efficiency in managing its payables during these years.
By December 31, 2024, the number of days of payables decreased significantly to 38.91 days, reflecting a continued trend of efficient management of payables. Overall, the company's ability to manage its payables has shown variability but has improved over the years, culminating in a lower number of days of payables by the end of 2024.
Peer comparison
Dec 31, 2024