Sonic Automotive Inc (SAH)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 80.02 | 93.12 | 98.90 | 88.98 | 92.61 | |
| Number of days of payables | days | 4.56 | 3.92 | 3.69 | 4.10 | 3.94 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 80.02
= 4.56
Sonic Automotive Inc's number of days of payables has shown some fluctuations over the past five years. As of December 31, 2020, the company took approximately 3.94 days on average to pay its suppliers and vendors. This figure increased slightly to 4.10 days by the end of 2021. However, in 2022, the number of days of payables decreased to 3.69 days, indicating a potential improvement in the company's ability to manage its payables.
By the end of 2023, the number of days of payables increased slightly to 3.92 days, suggesting a minor slowdown in payment processing. The trend reversed in 2024, with the number of days of payables rising to 4.56 days, potentially indicating a lengthening of the payment cycle.
Overall, Sonic Automotive Inc's number of days of payables demonstrates some variability, with the company showing a general trend of managing its payables efficiently within a relatively short period, although there have been some fluctuations in recent years.
Peer comparison
Dec 31, 2024