ODP Corp (ODP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.26 | 10.21 | 8.81 | 11.01 | 10.36 | |
| Number of days of payables | days | 35.58 | 35.74 | 41.43 | 33.15 | 35.22 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.26
= 35.58
The number of days of payables for ODP Corp has shown some fluctuation over the past five years. In 2023, the company took an average of approximately 35.58 days to pay its accounts payable, a slight decrease from 35.74 days in 2022. This indicates that the company is managing its trade payables efficiently by maintaining a relatively stable payment period.
Comparing to previous years, in 2021, ODP Corp took longer to settle its payables, with an average of 41.43 days, which was higher than the periods in 2020 (33.15 days) and 2019 (35.22 days). The increase in 2021 suggests a potential delay in the company's payment cycles, which could have been influenced by changes in supplier relationships, cash flow constraints, or other operational factors.
Overall, the trend in the number of days of payables for ODP Corp indicates a general consistency in managing its accounts payable, with some fluctuations in certain years. It's important for the company to continue monitoring and optimizing its payment cycles to maintain healthy supplier relationships and cash flow efficiency.
Peer comparison
Dec 31, 2023