Genuine Parts Co (GPC)

Genuine Parts Co.'s number of days of payables has shown a fluctuating trend over the past five years. The number of days of payables was 135.63 days as of December 31, 2023, a slight decrease from the previous year. This indicates that, on average, the company takes approximately 135.63 days to pay its suppliers for goods or services purchased on credit.

Comparing this to the previous years, we observe that the number of days of payables was 138.73 days in 2022, 143.33 days in 2021, 138.45 days in 2020, and 114.62 days in 2019. This suggests that the company has been relatively consistent in managing its payables, with some fluctuations year over year.

A higher number of days of payables may indicate that Genuine Parts Co. is taking longer to settle its outstanding payables, potentially indicating a strategy to optimize working capital or take advantage of supplier credit terms. Conversely, a lower number of days of payables may suggest a more aggressive approach to paying suppliers promptly.

In conclusion, Genuine Parts Co.'s number of days of payables provides insights into the company's liquidity management and relationship with suppliers, showing a varying yet stable trend over the past five years.