Flowers Foods Inc (FLO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.02 | 12.77 | 14.63 | 17.49 | 16.27 | |
| Number of days of payables | days | 24.30 | 28.58 | 24.95 | 20.87 | 22.44 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.02
= 24.30
Flowers Foods Inc's number of days of payables has shown some fluctuation over the past five years, ranging from 20.87 days in 2020 to 28.58 days in 2022. In 2023, it decreased to 24.30 days. This metric indicates the average number of days it takes for the company to pay its suppliers. A lower number of days of payables suggests that the company is more efficient in settling its payables, while a higher number may indicate a cash flow advantage as the company is taking longer to pay its obligations. Overall, Flowers Foods Inc's trend in the number of days of payables warrants ongoing monitoring to assess the impact on the company's liquidity and operational efficiency.
Peer comparison
Dec 31, 2023