Darling Ingredients Inc (DAR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.62 | 12.48 | 13.70 | 13.53 | 13.68 | |
| Number of days of payables | days | 24.97 | 29.25 | 26.63 | 26.97 | 26.68 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.62
= 24.97
The number of days of payables for Darling Ingredients Inc has shown a fluctuating trend over the past five years. In 2023, the company took approximately 24.97 days to pay its suppliers, marking a decrease from the previous year's 29.25 days. This suggests that Darling Ingredients Inc managed its payables more efficiently in 2023 compared to 2022.
Looking further back, in 2021 the number of days of payables was 26.63 days, slightly lower than in 2020 and 2019 which stood at 26.97 days and 26.68 days, respectively. While there has been some variation, the company has generally maintained a consistent range in managing its payables over the last five years.
The decrease in the number of days of payables in 2023 compared to the prior year is a positive sign, indicating that Darling Ingredients Inc may be improving its cash flow management and relationships with suppliers. This metric provides insights into the company's ability to meet its financial obligations promptly while also optimizing its working capital efficiency.
Peer comparison
Dec 31, 2023