Tractor Supply Company (TSCO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.91 | 6.60 | 7.14 | 7.03 | 8.52 | |
| Number of days of payables | days | 46.17 | 55.28 | 51.10 | 51.94 | 42.83 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.91
= 46.17
The number of days of payables for Tractor Supply Company has shown some fluctuations over the past five years. In 2023, the company took approximately 46.17 days, on average, to pay its suppliers, which was a decrease from the previous year. The trend in 2023 indicates that the company managed its payables more efficiently compared to 2022 when it took 55.28 days.
Looking further back, in 2021 and 2020, the number of days of payables were relatively stable at around 51 days. However, in 2019, the company's payment cycle was shorter, with only 42.83 days on average to settle its payables.
Overall, the number of days of payables for Tractor Supply Company has varied over the years, potentially reflecting changes in the company's payment policies, supplier relationships, and overall financial management strategies. It is crucial for investors and stakeholders to monitor this metric to assess the company's liquidity position and efficiency in managing its trade payables.
Peer comparison
Dec 31, 2023