Sprouts Farmers Market LLC (SFM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 36.01 | 34.95 | 39.52 | 43.62 | 44.08 | |
| Number of days of payables | days | 10.14 | 10.44 | 9.24 | 8.37 | 8.28 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 36.01
= 10.14
Based on the data provided, the number of days of payables for Sprouts Farmers Market Inc has shown a varying trend over the past few years. In 2023, the number of days of payables was 15.22 days, slightly lower than the previous year's 15.56 days. This indicates that the company took slightly less time to pay its suppliers in 2023 compared to 2022.
In 2022, the number of days of payables decreased to 13.69 days, indicating that the company improved in managing its payables efficiently that year. However, data for 2021 and 2020 is unavailable, making it challenging to provide a complete trend analysis over a longer period.
Overall, the decreasing trend in the number of days of payables from 2022 to 2023 suggests that Sprouts Farmers Market Inc may be managing its accounts payable more effectively, potentially improving its working capital management and cash flow position. Further analysis of additional years would provide more insight into the company's payables management practices.
Peer comparison
Dec 31, 2023