WW Grainger Inc (GWW)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Based on the data provided, W.W. Grainger Inc.'s number of days of payables has shown a fluctuating trend over the past eight quarters. The number of days of payables has ranged from a low of 34.88 days in Q4 2023 to a high of 44.18 days in Q1 2022. This indicates that the company takes, on average, between 34.88 and 44.18 days to pay its suppliers and vendors.
The trend shows some variability in the payment cycle, with periods of shorter payment terms followed by periods of slightly longer payment terms. The decreasing trend in the most recent quarter, Q4 2023, from the previous quarter, Q3 2023, may suggest an improvement in the efficiency of payables management or possibly changes in supplier relationships or terms.
Overall, a lower number of days of payables suggests that the company is paying its suppliers more quickly, which could indicate a desire to maintain good relationships with suppliers or take advantage of early payment discounts. Conversely, a higher number of days of payables indicates a longer payment cycle, which may help the company manage its cash flow more effectively but could potentially strain supplier relationships.