Republic Services Inc (RSG)
Number of days of payables
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.67 | 8.85 | 9.54 | 10.45 | 8.01 | 9.17 | 8.49 | 9.89 | 8.90 | 7.30 | 7.83 | 8.06 | 7.05 | 11.33 | 11.31 | 11.50 | 9.70 | 10.85 | 10.42 | 11.81 | |
| Number of days of payables | days | 47.58 | 41.27 | 38.28 | 34.92 | 45.56 | 39.80 | 42.99 | 36.89 | 41.03 | 50.01 | 46.61 | 45.31 | 51.79 | 32.23 | 32.27 | 31.73 | 37.61 | 33.65 | 35.03 | 30.90 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.67
= 47.58
Republic Services, Inc.'s number of days of payables has been showing a fluctuating trend over the past eight quarters. In Q4 2023, the company had 57.61 days of payables, increasing from the previous quarter. This suggests that the company took longer to pay its suppliers or vendors in the most recent quarter. Comparing year-over-year data, Q4 2023 saw an increase in days of payables from Q4 2022, indicating a potential slowdown in payment processing.
Overall, the trend in the number of days of payables for Republic Services, Inc. shows some variability, which may indicate changes in the company's liquidity management or vendor payment practices. Further analysis of the underlying factors contributing to these changes would be necessary to fully understand the implications for the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023