US Foods Holding Corp (USFD)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 16.41 | 14.81 | 15.50 | 15.52 | 18.21 | 15.12 | 15.52 | 14.86 | 17.67 | 14.22 | 13.63 | 13.29 | 19.08 | 14.66 | 12.12 | 19.10 | 16.65 | 14.31 | 15.10 | 14.91 | |
| Number of days of payables | days | 22.24 | 24.64 | 23.54 | 23.52 | 20.04 | 24.15 | 23.52 | 24.57 | 20.66 | 25.66 | 26.78 | 27.46 | 19.13 | 24.90 | 30.12 | 19.11 | 21.93 | 25.50 | 24.18 | 24.47 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.41
= 22.24
The number of days of payables for US Foods Holding Corp has fluctuated over the past few quarters, ranging from a low of 19.11 days to a high of 30.12 days. On average, the company takes around 22-26 days to pay its suppliers. A lower number of days of payables indicates that the company is paying its suppliers more quickly, which may indicate strong cash flow or good relationships with suppliers. Conversely, a higher number of days of payables could suggest potential cash flow issues or a deliberate strategy to manage working capital. It is important for stakeholders to monitor this metric over time to assess the efficiency of the company's payables management.
Peer comparison
Dec 31, 2023