Darling Ingredients Inc (DAR)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.63 | 14.62 | 12.48 | 13.70 | 13.53 | |
| Number of days of payables | days | 23.35 | 24.97 | 29.25 | 26.63 | 26.97 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.63
= 23.35
Darling Ingredients Inc's number of days of payables has shown a decreasing trend over the past five years. As of December 31, 2020, the company took approximately 26.97 days to pay its creditors, a number that decreased slightly to 26.63 days by December 31, 2021. However, there was a reversal of this trend by December 31, 2022, when the number of days of payables increased to 29.25 days. Subsequently, the company improved its payables management, as indicated by a decrease to 24.97 days by December 31, 2023, and a further reduction to 23.35 days by December 31, 2024. This downward trend suggests that Darling Ingredients Inc has been able to efficiently manage its payables, potentially indicating stronger cash flow or negotiation leverage with suppliers.
Peer comparison
Dec 31, 2024