Group 1 Automotive Inc (GPI)

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	Jun 30, 2019	Mar 31, 2019
Payables turnover		33.68	30.67	28.79	30.17	30.84	30.65	31.35	30.27	27.53	32.29	28.07	23.94	23.92	18.32	17.32	20.76	16.35	17.86	17.30	16.42
Number of days of payables	days	10.84	11.90	12.68	12.10	11.83	11.91	11.64	12.06	13.26	11.31	13.00	15.25	15.26	19.92	21.08	17.58	22.32	20.44	21.10	22.22

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 33.68
= 10.84

Group 1 Automotive, Inc.'s number of days of payables has fluctuated over the past eight quarters. In Q4 2023, the number of days of payables was 12.27 days, indicating that on average, the company takes around 12 days to pay its suppliers.

Compared to the previous quarters, the number of days of payables was relatively lower in Q4 2023, showing a potential improvement in the company's ability to manage its payables efficiently. However, it is important to note that this ratio should be analyzed in conjunction with other liquidity and cash flow metrics to get a comprehensive view of the company's financial health and management of working capital.