ODP Corp (ODP)
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 | 5.11 | 4.63 | 4.58 | — | 7.56 | 7.27 | 6.75 | 6.72 | 7.12 | 7.85 | 7.28 | 7.70 | 8.40 | 7.44 | 8.03 | 7.89 | 7.83 | 7.77 | 7.50 | 7.43 | |
| Number of days of payables | days | 71.47 | 78.78 | 79.78 | — | 48.29 | 50.20 | 54.10 | 54.30 | 51.23 | 46.50 | 50.10 | 47.40 | 43.45 | 49.09 | 45.47 | 46.27 | 46.60 | 46.95 | 48.64 | 49.13 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.11
= 71.47
The number of days of payables for ODP Corp has shown some fluctuations over the past few quarters. As of December 31, 2023, ODP Corp took approximately 71.47 days to pay its payables, which indicates a slight decrease from the prior quarter. This suggests that the company is managing its payables more efficiently.
Comparing the data to historical trends, ODP Corp's number of days of payables has been relatively stable, with occasional fluctuations. In general, a lower number of days of payables indicates that the company is paying its bills more quickly, while a higher number indicates a longer period taken to settle payables.
It is important for investors and stakeholders to monitor changes in the number of days of payables as it can provide insights into the company's liquidity, cash flow management, and relationships with suppliers.
Peer comparison
Dec 31, 2023