Leidos Holdings Inc (LDOS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 17.93 | 16.80 | 16.94 | 14.45 | 16.12 | |
| Number of days of payables | days | 20.36 | 21.73 | 21.55 | 25.27 | 22.64 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.93
= 20.36
The number of days of payables for Leidos Holdings Inc has shown a fluctuating trend over the past five years. In 2023, the company took approximately 20.36 days to pay its payables, showing a slight improvement compared to the previous year's figure of 21.73 days in 2022. This indicates that the company has been managing its payables more efficiently in the most recent year.
Comparing the current ratio to the figures from 2021 and 2020, where the number of days of payables was 21.55 and 25.27 days respectively, there is a noticeable trend of decreasing the time taken to settle payables. However, the performance is not as efficient as in 2019 when the company only needed 22.64 days to pay its obligations.
Overall, based on the trend observed over the past five years, Leidos Holdings Inc has made progress in managing its payables more effectively, as the number of days required to settle these obligations has decreased, albeit with some fluctuations.
Peer comparison
Dec 31, 2023