Grocery Outlet Holding Corp (GO)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 17.14 | 18.91 | 23.14 | — | 25.07 | — | — | — | 24.35 | — | — | — | — | — | — | ||||
| Number of days of payables | days | 21.30 | 19.30 | 15.77 | — | 14.56 | — | — | — | 14.99 | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.14
= 21.30
The number of days of payables, a measure of how long it takes for Grocery Outlet Holding Corp to pay its suppliers, has shown some variability over the past quarters. As of December 31, 2023, the company took approximately 21.30 days to pay its payables, which was an increase from 19.30 days in the previous quarter. This indicates that the company may be taking slightly longer to settle its obligations to suppliers.
Looking back to December 31, 2019, the number of days of payables was at 14.56 days, suggesting that there has been an overall upward trend in the time taken to pay suppliers over the past few years. It is important for investors and stakeholders to monitor this metric closely as prolonged payment periods can impact relationships with suppliers and cash flow management.
Peer comparison
Dec 31, 2023