ManpowerGroup Inc (MAN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for ManpowerGroup has been relatively stable over the past five years, ranging from 51.65 days in 2019 to 64.06 days in 2021. It is noteworthy that the number of days of payables increased slightly from 2020 to 2021 before dipping in 2023. This metric indicates that, on average, ManpowerGroup takes around 63.89 days to pay its suppliers and vendors. A longer number of days of payables may suggest that the company is stretching out its payment terms, potentially improving cash flow, but could also signal potential liquidity concerns or strained supplier relationships. Conversely, a shorter number of days of payables may indicate efficient cash and working capital management. Further analysis and comparison with industry peers would provide additional insights into the company's payment practices and financial health.
Peer comparison
Dec 31, 2023