United Parcel Service Inc (UPS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.14 | 7.92 | 7.40 | 8.09 | 8.32 | |
| Number of days of payables | days | 39.95 | 46.10 | 49.32 | 45.12 | 43.88 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.14
= 39.95
To analyze United Parcel Service, Inc.'s number of days of payables, we would need specific numerical values for each year provided in the table. Since the data is not available, a detailed analysis cannot be conducted at this time. The number of days of payables is a crucial metric that indicates how long a company takes to pay its suppliers. A lower number of days of payables may imply efficient cash management, while a higher number could suggest liquidity concerns or strained supplier relationships. It is essential to monitor changes in this metric over time to understand the company's payment practices and financial health.