Charles River Laboratories (CRL)

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		8.12	9.96	9.64	10.74	4.02	4.20	3.44	3.38	3.83	5.92	6.60	5.43	5.41	6.70	7.79	6.25	5.62	5.49	5.72	6.98
Number of days of payables	days	44.94	36.66	37.84	33.98	90.86	86.92	106.13	108.07	95.24	61.64	55.32	67.28	67.44	54.49	46.87	58.36	64.95	66.48	63.84	52.26

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.12
= 44.94

The number of days of payables for Charles River Laboratories has fluctuated over the past five quarters. The company's payables turnover has been relatively stable, averaging around 60 days. However, in the most recent quarter, the number of days of payables decreased significantly to 44.94 days, indicating that the company is taking fewer days to pay its suppliers. This may suggest improved efficiency in managing its payables or a change in payment terms with suppliers. Overall, a lower number of days of payables is generally considered positive as it may free up cash flow for other uses within the business.