Sonic Automotive Inc (SAH)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 93.12 | 98.90 | 88.98 | 92.61 | 66.07 | |
| Number of days of payables | days | 3.92 | 3.69 | 4.10 | 3.94 | 5.52 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 93.12
= 3.92
Sonic Automotive, Inc.'s number of days of payables has seen fluctuations over the past five years. As of December 31, 2023, the company took on average approximately 4.51 days to pay its trade payables, which is slightly higher than the previous year's figure of 4.32 days. Compared to three years ago, there has been a minor decrease from 4.64 days in payables days. In 2020, the number of days of payables was 4.60 days, indicating a relatively stable payment behavior. However, there was a notable decrease in payables turnover efficiency from 5.52 days in 2019 to 4.60 days in 2020. Overall, the trend in the number of days of payables suggests that Sonic Automotive, Inc. has been managing its trade payables efficiently in recent years.
Peer comparison
Dec 31, 2023