Graco Inc (GGG)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.33 | 12.90 | 12.16 | 13.64 | 14.53 | |
| Number of days of payables | days | 25.48 | 28.30 | 30.02 | 26.76 | 25.12 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.33
= 25.48
Graco Inc's number of days of payables has exhibited a fluctuating trend over the past five years. In 2023, the company took an average of 25.48 days to pay its suppliers, which represents a decrease from the previous year's figure of 28.30 days. This suggests that Graco Inc has been able to manage its payables more efficiently in the most recent period.
Comparing the data to 2021 and 2020, where the number of days of payables stood at 30.02 days and 26.76 days respectively, we observe variability in the company's payment behavior. The 2021 figure indicates a longer period taken by Graco Inc to settle its payables compared to the other years in consideration, while 2020 witnessed a shorter payment cycle.
Furthermore, the number of days of payables in 2019 was relatively consistent with the 2023 figure, standing at 25.12 days. This suggests that Graco Inc has been able to maintain its payable payment efficiency over the past few years.
Overall, the trend in Graco Inc's number of days of payables reflects some variability in the company's payment practices, with efforts to streamline and optimize payment cycles demonstrated in certain periods.
Peer comparison
Dec 31, 2023