Sprouts Farmers Market LLC (SFM)
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 | 32.96 | 30.60 | 33.79 | 29.82 | 34.95 | 35.76 | 33.95 | 35.16 | 39.52 | 33.95 | 36.67 | 37.47 | 43.62 | 36.05 | 34.27 | 27.89 | 43.84 | 47.16 | — | — | |
| Number of days of payables | days | 11.07 | 11.93 | 10.80 | 12.24 | 10.44 | 10.21 | 10.75 | 10.38 | 9.24 | 10.75 | 9.95 | 9.74 | 8.37 | 10.12 | 10.65 | 13.09 | 8.33 | 7.74 | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 32.96
= 11.07
Sprouts Farmers Market Inc's number of days of payables has been relatively stable over the past eight quarters. The company takes around 15 to 16 days on average to pay its suppliers for goods and services received. This indicates that Sprouts Farmers Market Inc has a quick turnover of payables, possibly benefiting from favorable credit terms or efficiently managing its cash flow. Overall, the consistency in the number of days of payables suggests a disciplined approach to managing the company's accounts payable obligations.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Sprouts Farmers Market LLC
SFM
11.07
Grocery Outlet Holding Corp
GO
21.30
Kroger Company
KR
32.12