LKQ Corporation (LKQ)
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 | 5.03 | 4.62 | 5.16 | 5.51 | 5.65 | 5.69 | 5.38 | 5.75 | 6.60 | 6.04 | 6.32 | 5.80 | 7.55 | 8.33 | 9.47 | 8.45 | 8.12 | 7.70 | 7.42 | 7.90 | |
| Number of days of payables | days | 72.55 | 78.94 | 70.68 | 66.22 | 64.55 | 64.19 | 67.88 | 63.45 | 55.26 | 60.38 | 57.74 | 62.93 | 48.37 | 43.79 | 38.56 | 43.21 | 44.96 | 47.42 | 49.18 | 46.20 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.03
= 72.55
The number of days of payables for LKQ Corp has fluctuated over the past eight quarters, ranging from a low of 63.46 days in Q1 2022 to a high of 78.94 days in Q3 2023. The trend of the number of days of payables appears to be slightly increasing over time, indicating a potential extension in the time it takes for the company to pay its creditors. This trend suggests a management strategy to delay payments or potential changes in the company's supplier relationships. Overall, a higher number of days of payables can indicate improved cash flow management but may also signal potential liquidity or financial health concerns.