KAR Auction Services Inc (KAR)

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		2.80	2.39	2.47	1.89	2.32	2.24	2.14	2.05	2.37	1.75	1.75	1.60	2.72	2.10	2.12	5.28	2.13	1.56	0.87	0.75
Number of days of payables	days	130.16	152.49	148.06	192.90	157.08	163.21	170.88	177.94	153.87	208.90	208.24	228.35	133.97	173.69	172.31	69.16	171.04	234.03	421.59	483.66

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.80
= 130.16

The number of days of payables for Openlane Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the company had 234.16 days of payables, which decreased from the previous quarter's 272.82 days. This suggests that Openlane Inc. was able to manage its payables more efficiently in the latest quarter.

Comparing the data to the same quarter in the previous year, Q4 2022 had 241.15 days of payables, indicating a slight improvement in payables management in the most recent quarter. Overall, the trend in the number of days of payables seems to be relatively stable, with some fluctuations observed over the quarters.

It is important for Openlane Inc. to monitor its payables closely to ensure timely payments to suppliers while also managing cash flow effectively. Efforts to optimize the number of days of payables can contribute to improved liquidity and financial health for the company.