PACCAR Inc (PCAR)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| 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 Paccar Inc. in Q4 2023 was 22.61 days, showcasing a decrease compared to Q4 2022 when it was 26.09 days. This implies that Paccar Inc. took fewer days to pay its suppliers during Q4 2023, which could indicate a more efficient management of its accounts payable. However, without data from previous quarters in 2023, it is challenging to provide a more detailed trend analysis. It would be beneficial to track this ratio over multiple quarters to identify any consistent patterns or changes in the company's payment practices.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
PACCAR Inc
PCAR
—
Federal Signal Corporation
FSS
19.13
Ford Motor Company
F
—
General Motors Company
GM
4,114.52
Oshkosh Corporation
OSK
50.13
Tesla Inc
TSLA
66.58