Grocery Outlet Holding Corp (GO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 18.41 | 25.07 | 24.35 | 26.16 | 20.64 | |
| Number of days of payables | days | 19.82 | 14.56 | 14.99 | 13.95 | 17.69 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.41
= 19.82
Based on the data provided for Grocery Outlet Holding Corp, the number of days of payables has shown some fluctuation over the past five years. In 2023, the number of days of payables increased to 19.82 days compared to 14.56 days in 2022, indicating that the company took longer to pay its suppliers in 2023. This may suggest that the company is managing its cash flow differently or experiencing changes in its supplier relationships.
In 2021 and 2022, the number of days of payables remained relatively stable around 14-15 days. However, in 2020, there was a slight increase to 13.95 days, which could be due to various factors such as changes in payment terms or any disruptions in the supply chain.
In the most recent year, 2019, the number of days of payables increased to 17.69 days compared to the previous year, indicating a potential shift in the company's payment practices.
Overall, the trend in the number of days of payables for Grocery Outlet Holding Corp shows some variability, suggesting possible changes in the company's working capital management strategies or external factors impacting its payables turnover. Further analysis and comparison with industry standards may provide additional insights into the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023