Stericycle Inc (SRCL)
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 | 12.45 | 13.09 | 12.89 | 13.67 | 12.62 | 13.66 | 13.43 | 13.07 | 12.35 | 12.59 | 14.56 | 13.01 | 14.96 | 14.49 | 17.59 | 14.22 | 13.53 | 15.19 | 12.25 | 11.71 | |
| Number of days of payables | days | 29.33 | 27.87 | 28.31 | 26.69 | 28.93 | 26.72 | 27.18 | 27.93 | 29.54 | 28.98 | 25.07 | 28.06 | 24.40 | 25.19 | 20.75 | 25.66 | 26.97 | 24.02 | 29.79 | 31.17 |
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 some variability over the past eight quarters. In the most recent quarter, Q4 2023, the number of days of payables was 47.07 days, indicating that on average, it takes approximately 47 days for the company to pay its suppliers. This figure has increased from the previous quarter, Q3 2023, where it was 44.38 days.
Looking at the trend over the past year, there seems to be a general fluctuation in the number of days of payables, with figures ranging from 42.36 days in Q1 2023 to 46.86 days in Q1 2022. This may suggest some variability or irregularity in the company's payment practices or the efficiency of its accounts payable processes.
Overall, it would be essential to monitor the trend in the number of days of payables over time to understand the company's payment behavior and liquidity management. A higher number of days of payables may indicate that the company is taking longer to pay its suppliers, which could have implications for cash flow management and supplier relationships.
Peer comparison
Dec 31, 2023