United Rentals Inc (URI)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		9.41	5.83	7.19	11.47	12.51
Number of days of payables	days	38.78	62.55	50.80	31.81	29.17

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.41
= 38.78

The number of days of payables measures how long it takes for a company to pay its suppliers. A higher number indicates that the company is taking longer to pay its creditors, potentially stretching out its payables to manage cash flows.

United Rentals, Inc.'s number of days of payables has fluctuated over the past five years. The trend shows an increase from 40.92 days in 2019 to 86.74 days in 2022, indicating that the company took significantly longer to pay its suppliers. However, in 2023, the number of days of payables decreased to 53.55 days, which may suggest an improvement in the company's ability to manage its payables more efficiently.

It's important to assess the reasons behind these fluctuations and consider any potential impact on the company's relationships with suppliers and its cash flow management. Further analysis of the company's financial statements and management discussions may provide insights into the factors driving these changes in the number of days of payables.