Republic Services Inc (RSG)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.71 | 8.12 | 8.95 | 9.43 | 9.72 | |
| Number of days of payables | days | 47.34 | 44.97 | 40.77 | 38.70 | 37.55 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.71
= 47.34
The number of days of payables for Republic Services, Inc. has been gradually increasing over the past five years. In 2023, the number of days of payables was 57.61 days, compared to 54.35 days in 2022, 49.30 days in 2021, 46.61 days in 2020, and 45.08 days in 2019. This indicates that the company is taking longer to pay its suppliers and vendors, which could be a strategic move to manage cash flow effectively or could potentially signal challenges in managing working capital efficiently.
A higher number of days of payables could imply that Republic Services, Inc. is able to hold onto cash for a longer period before settling its obligations, thus potentially improving its liquidity position. However, it could also suggest that the company is stretching its payables excessively, possibly straining relationships with suppliers or risking supply chain disruptions.
Further analysis and comparison with industry benchmarks or trends in the sector would provide a more accurate assessment of Republic Services, Inc.'s payables management strategy and its impact on the company's overall financial health.
Peer comparison
Dec 31, 2023