Expeditors International of Washington Inc (EXPD)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		9.31	13.41	7.12	7.84	9.75
Number of days of payables	days	39.20	27.23	51.29	46.54	37.44

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.31
= 39.20

Expeditors International Of Washington, Inc.'s number of days of payables has shown variability over the past five years. In 2023, the company took an average of 51.90 days to pay its trade payables, marking a significant increase from the previous year. This suggests a potential change in the company's payment behavior or supplier terms.

In 2022, the number of days of payables was at 32.18 days, indicating that the company was more efficient in managing its payables compared to 2021 when it took around 60.92 days to settle its obligations. This improved efficiency in 2022 may have been a result of better cash flow management or negotiation of favorable payment terms with suppliers.

The number of days of payables in 2020 and 2019 was relatively consistent at around 57-48 days. This stability over the two years implies that the company maintained a consistent approach to managing its trade payables during that period.

Overall, fluctuations in Expeditors International Of Washington, Inc.'s days of payables can provide insights into the company's liquidity position, cash flow management practices, and relationships with suppliers.