Stericycle Inc (SRCL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.45 | 12.62 | 12.35 | 15.00 | 16.34 | |
| Number of days of payables | days | 29.33 | 28.93 | 29.54 | 24.33 | 22.34 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.45
= 29.33
The number of days of payables for Stericycle Inc. has shown a fluctuating trend over the past five years. Starting at 37.64 days at the end of 2019, the number of days of payables increased to 40.77 days by the end of 2020. Subsequently, there was a further increase to 49.03 days by the end of 2021, signaling a longer period within which the company pays its trade payables.
However, the trend reversed in the following years. By the end of 2022, the number of days of payables decreased to 46.41 days, and it further decreased to 47.07 days by the end of 2023. Despite these fluctuations, it is important to note that Stericycle Inc. has generally been able to manage its trade payables more efficiently over the years, as evidenced by the recent downward trend in the number of days of payables.
Peer comparison
Dec 31, 2023