Valero Energy Corporation (VLO)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		10.49	12.54	8.87	10.79	10.15
Number of days of payables	days	34.79	29.11	41.14	33.81	35.97

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.49
= 34.79

The number of days of payables for Valero Energy Corp. has shown some fluctuations over the past five years. In 2023, the company took approximately 37.27 days to pay its suppliers, which is a slight increase from the previous year's 30.81 days. This indicates that Valero Energy Corp. is taking slightly longer to settle its payables in 2023 compared to 2022.

Looking at the trend over the five-year period, we can see that in 2021, the number of days of payables increased significantly to 44.40 days before decreasing in 2022. However, it is important to note that in 2023, the number of days of payables is closer to the levels seen in 2020 and 2019.

Overall, the number of days of payables for Valero Energy Corp. appears to be relatively stable over the past five years, with some fluctuations from year to year. This ratio provides insight into the company's relationships with its suppliers and its efficiency in managing its working capital.