United Rentals Inc (URI)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		12.29	7.32	6.48	8.98	9.41	7.28	5.73	6.41	5.83	5.68	5.88	7.31	7.19	5.35	6.09	9.42	11.47	10.03	17.66	11.82
Number of days of payables	days	29.69	49.85	56.34	40.64	38.78	50.14	63.75	56.96	62.55	64.26	62.09	49.94	50.80	68.19	59.90	38.76	31.81	36.38	20.66	30.87

December 31, 2024 calculation

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

Based on the data provided, United Rentals Inc's number of days of payables has fluctuated over the past few years. The trend shows some volatility, with periods of both increase and decrease.

At the end of 2024, United Rentals had a lower number of days of payables at 29.69 days, compared to the peak of 68.19 days at the end of September 2021. This suggests that the company may be managing its payables more efficiently in recent periods.

It is important to note that a decreasing number of days of payables could indicate that the company is paying its suppliers more quickly, potentially signaling improved liquidity or stronger supplier relationships. On the other hand, an increasing number of days of payables may imply that the company is taking longer to pay its suppliers, possibly to manage cash flow or extend payment terms.

Overall, a detailed analysis of the factors driving these changes in the number of days of payables, in conjunction with other financial metrics and industry benchmarks, would be necessary to fully assess United Rentals Inc's payables management and working capital efficiency.