RB Global Inc. (RBA)
Number of days of payables
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.03 | 6.52 | 6.52 | 4.93 | 4.67 | 6.70 | — | — | — | 5.46 | — | — | — | 5.23 | — | — | — | — | — | — | |
| Number of days of payables | days | 60.51 | 55.94 | 55.99 | 74.08 | 78.22 | 54.45 | — | — | — | 66.86 | — | — | — | 69.83 | — | — | — | — | — | — |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.03
= 60.51
RB Global Inc.'s number of days of payables has exhibited fluctuations over the past several quarters. As of March 31, 2024, the company had an average number of days of payables of 60.51 days, indicating the average number of days it takes for the company to pay its suppliers. This figure has decreased compared to the previous quarter (December 31, 2023) where it stood at 55.94 days.
The trend in the number of days of payables suggests that the company is managing its accounts payables efficiently. A higher number of days of payables may indicate that the company is taking longer to pay its suppliers, potentially signaling liquidity or cash flow issues. On the other hand, a lower number of days of payables might imply stronger bargaining power with suppliers or effective working capital management.
It would be essential for RB Global Inc. to continue monitoring and analyzing its number of days of payables to ensure optimal cash flow management and sustainable supplier relationships.
Peer comparison
Mar 31, 2024