RB Global Inc. (RBA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.56 | 6.70 | 5.46 | 5.23 | 4.97 | |
| Number of days of payables | days | 55.60 | 54.45 | 66.86 | 69.83 | 73.41 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.56
= 55.60
RB Global Inc.'s trend in the number of days of payables indicates a fluctuating but overall decreasing pattern over the last five years. The company's ability to pay its suppliers has improved, as evidenced by a decrease in the number of days of payables from 73.41 days in 2019 to 55.60 days in 2023. This suggests that the company is managing its payables more efficiently, potentially negotiating better payment terms with its suppliers or improving its cash flow management. A lower number of days of payables can also indicate stronger liquidity and financial stability. Overall, the decreasing trend in days of payables reflects positive financial management by RB Global Inc. through the years.
Peer comparison
Dec 31, 2023