US Foods Holding Corp (USFD)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 37,270,000 | 34,922,000 | 33,788,000 | 29,383,000 | 23,278,000 |
| Payables | US$ in thousands | 2,231,000 | 2,051,000 | 1,855,000 | 1,662,000 | 1,218,000 |
| Payables turnover | 16.71 | 17.03 | 18.21 | 17.68 | 19.11 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $37,270,000K ÷ $2,231,000K
= 16.71
US Foods Holding Corp's payables turnover has shown a downward trend over the period from December 31, 2020, to December 31, 2024, indicating a decrease in the frequency with which the company pays off its suppliers. In 2020, the payables turnover was at 19.11, which decreased to 17.68 in 2021, then increased slightly to 18.21 in 2022, followed by a decrease to 17.03 in 2023, and a further decline to 16.71 in 2024. This suggests a potential lengthening of the company's payables payment cycle, which may have implications for cash flow management and supplier relationships. Further analysis of the reasons behind this trend is recommended to better understand the company's working capital management.
Peer comparison
Dec 31, 2024