United Rentals Inc (URI)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		12.29	9.41	5.83	7.19	11.47
Number of days of payables	days	29.69	38.78	62.55	50.80	31.81

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.29
= 29.69

United Rentals Inc shows a fluctuating trend in the number of days of payables over the past five years based on the data provided. The company was able to extend its payables period from 31.81 days as of December 31, 2020, to 50.80 days as of December 31, 2021. However, by the end of 2022, the number of days of payables increased significantly to 62.55 days. Subsequently, United Rentals Inc managed to reduce its payables period to 38.78 days by December 31, 2023, indicating a more efficient management of its payables. The trend continued with a further decrease to 29.69 days as of December 31, 2024. Overall, the company's ability to manage its payables periods effectively can provide insights into its liquidity management and strategies for working capital optimization.