Dorman Products Inc (DORM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.89 | 8.85 | 6.76 | 8.36 | 10.07 | |
| Number of days of payables | days | 36.91 | 41.25 | 53.96 | 43.64 | 36.24 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.89
= 36.91
Over the past five years, Dorman Products Inc's number of days of payables has varied. In 2023, the number of days of payables decreased to 51.82 days from 56.13 days in 2022. This indicates that the company took fewer days to pay off its suppliers compared to the previous year.
Comparing 2023 to earlier years, the number of days of payables has shown fluctuations. In 2021, the number of days of payables was considerably higher at 73.38 days, reflecting a longer period taken by the company to settle its payables. In 2020, the number of days of payables was 60.63 days, falling within the range seen in the dataset.
The lowest number of days of payables was recorded in 2019 at 50.67 days, suggesting that the company was particularly efficient in managing its payables that year. Overall, the trend in Dorman Products Inc's number of days of payables indicates variability in the time taken to settle obligations with suppliers, with some years demonstrating more efficient management than others.
Peer comparison
Dec 31, 2023