DXP Enterprises Inc (DXPE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 16.19 | 13.92 | 14.02 | 1.76 | 15.91 | |
| Number of days of payables | days | 22.54 | 26.23 | 26.03 | 207.17 | 22.94 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.19
= 22.54
The number of days of payables for DXP Enterprises Inc has fluctuated over the past five years. In 2023, the number of days of payables decreased to 22.54 days from 26.23 days in 2022. This indicates that the company took fewer days to pay its suppliers in 2023 compared to the previous year, which could suggest improved efficiency in managing its payables.
In 2021, the number of days of payables remained relatively stable at 26.03 days, showing consistency in the company's payment practices. However, a significant increase was observed in 2020, with the number of days of payables jumping to 207.17 days. This spike could be attributed to a delay in settling supplier invoices or changes in the company's payment terms.
The number of days of payables then returned to a more typical level in 2019 at 22.94 days. Overall, DXP Enterprises Inc's number of days of payables has shown variability in recent years, highlighting the importance of closely monitoring payment processes and working capital management.
Peer comparison
Dec 31, 2023