US Foods Holding Corp (USFD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 17.03 | 18.21 | 17.68 | 19.11 | 17.51 | |
| Number of days of payables | days | 21.44 | 20.04 | 20.65 | 19.10 | 20.85 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.03
= 21.44
US Foods Holding Corp's number of days of payables has shown some variability over the past five years. In 2023, the number of days of payables increased to 21.44 days from 20.04 days in 2022. This indicates that the company took slightly longer to pay off its suppliers in 2023 compared to the previous year.
Comparing 2023 to 2021 and 2019, there was a slight increase in the number of days of payables, suggesting the company may have been managing its payables a bit more conservatively in these years. However, the number of days of payables in 2020 was notably lower at 19.10 days, indicating that the company was able to pay off its suppliers more quickly during that period.
Overall, the trend in the number of days of payables for US Foods Holding Corp fluctuated over the five-year period, reflecting changes in the company's payment practices and relationships with suppliers. It is important to consider this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health and performance.
Peer comparison
Dec 31, 2023