Flowers Foods Inc (FLO)

Number of days of payables

		Dec 31, 2023	Oct 7, 2023	Jul 15, 2023	Apr 22, 2023	Dec 31, 2022	Oct 8, 2022	Apr 23, 2022	Dec 31, 2021	Oct 9, 2021	Jul 17, 2021	Apr 24, 2021	Dec 31, 2020	Sep 30, 2020	Jul 11, 2020	Apr 18, 2020	Dec 31, 2019	Oct 5, 2019	Jul 13, 2019	Apr 20, 2019	Dec 31, 2018
Payables turnover		15.01	14.42	10.73	10.78	6.67	5.21	9.16	9.64	11.77	11.61	9.04	9.87	8.51	8.81	10.50	8.54	5.98	3.92	2.04	1.94
Number of days of payables	days	24.32	25.31	34.02	33.86	54.70	70.05	39.84	37.85	31.02	31.45	40.36	36.98	42.87	41.41	34.77	42.73	61.08	93.22	179.21	188.45

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.01
= 24.32

The number of days of payables for Flowers Foods Inc has fluctuated over the past few years, indicating changes in the company's payment practices to its suppliers. In recent quarters, the number of days of payables has generally been decreasing, suggesting that Flowers Foods is taking longer to pay its suppliers.

For example, as of December 31, 2023, the number of days of payables was 24.32 days, down from 25.31 days on October 7, 2023. This trend of decreasing days of payables indicates that Flowers Foods may be managing its cash flow more efficiently by delaying payments to suppliers, thereby potentially improving its working capital position.

Comparing the current numbers to historical data, it is evident that Flowers Foods has made significant improvements in managing its payables, as evidenced by the decrease from 188.45 days on December 31, 2018, to 24.32 days on December 31, 2023. This reduction in days of payables signals a positive shift in the company's financial management strategies.