Performance Food Group Co (PFGC)
Number of days of payables
| Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | 15.93 | 23.36 | 15.95 | 13.99 | 16.48 | 19.65 | 16.07 | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | 22.91 | 15.62 | 22.89 | 26.09 | 22.14 | 18.58 | 22.72 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Performance Food Group Co has shown fluctuation over the past quarters. As of September 30, 2020, the company had an average payment period of 22.72 days, indicating that on average, it takes approximately 22.72 days for the company to pay off its trade payables.
The number of days of payables has trended downwards since then, reaching a low of 15.62 days as of March 31, 2021. This suggests that the company was able to manage its trade payables more efficiently during this period.
However, there was a slight increase in the number of days of payables to 22.89 days as of December 31, 2021, before decreasing again to 22.14 days as of September 30, 2022. This could indicate some variability in the company's payment practices.
As of the most recent data available, the number of days of payables stood at an average of 22.91 days as of September 30, 2024. This indicates that the company's payment period has remained relatively stable compared to the previous quarters.
Overall, the number of days of payables provides insights into how quickly Performance Food Group Co settles its trade payables, and the trends observed over time can indicate the company's efficiency in managing its working capital and relationships with suppliers.
Peer comparison
Sep 30, 2024