McDonald’s Corporation (MCD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.33 | 4.45 | 4.22 | 5.39 | 3.79 | |
| Number of days of payables | days | 84.30 | 82.01 | 86.55 | 67.70 | 96.24 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.33
= 84.30
To calculate the number of days of payables for McDonald's Corp, we would need specific information regarding its accounts payable and cost of sales from their financial statements for each year. Without this data, the number of days of payables cannot be computed accurately.
The number of days of payables is a financial ratio that indicates how long, on average, a company takes to pay its suppliers. A higher number of days of payables suggests that the company is taking longer to pay its suppliers, while a lower number indicates a quicker payment turnaround.
In order to provide a detailed analysis and interpretation of McDonald's Corp number of days of payables, we would need access to the relevant financial data for the years in question. This ratio is an important indicator of a company's liquidity, efficiency, and relationship with suppliers, and further assessment would require a more in-depth examination of the company's financial statements.
Peer comparison
Dec 31, 2023