SpartanNash Co (SPTN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 17.41 | 16.72 | 16.82 | 17.05 | 17.99 | |
| Number of days of payables | days | 20.96 | 21.83 | 21.70 | 21.41 | 20.29 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.41
= 20.96
The number of days of payables for SpartanNash Co has been relatively stable over the past five years. The company takes, on average, around 20 to 22 days to pay its suppliers. This indicates that SpartanNash Co has an efficient accounts payable management system in place, allowing the company to maintain good relationships with its suppliers while managing its cash flow effectively. Lower number of days of payables generally suggests that the company is able to negotiate favorable payment terms with its suppliers, which could be beneficial in terms of managing working capital and liquidity. Nevertheless, it is important for the company to strike a balance between maximizing payment terms and maintaining healthy relationships with its suppliers.
Peer comparison
Dec 31, 2023