Rollins Inc (ROL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 52.54 | 53.62 | 46.64 | 32.86 | 28.20 | |
| Number of days of payables | days | 6.95 | 6.81 | 7.83 | 11.11 | 12.94 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 52.54
= 6.95
The number of days of payables for Rollins, Inc. has fluctuated over the past five years. In 2023, the company took an average of 12.22 days to pay its suppliers, which was slightly higher than the 11.94 days in 2022. This indicates that in 2023, Rollins extended its payment period slightly compared to the previous year.
Looking back further, there was a significant decrease in the number of days of payables from 2019 to 2020, where it dropped from 12.94 days to 22.48 days. This suggests that in 2020, Rollins accelerated its payment to suppliers, significantly reducing its average number of days of payables.
However, in 2021, the number of days of payables increased to 13.99 days, indicating a reversal in the trend seen in 2020. Overall, the company's payment practices seem to have fluctuated in recent years, with some variations in the time taken to settle payables to suppliers.
Peer comparison
Dec 31, 2023