Valero Energy Corporation (VLO)

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		10.49	10.15	13.04	14.75	12.54	12.04	8.69	8.31	8.87	9.54	8.00	6.88	10.79	14.26	18.19	17.61	10.15	11.03	10.67	10.97
Number of days of payables	days	34.79	35.98	27.99	24.75	29.11	30.32	41.99	43.94	41.14	38.26	45.65	53.07	33.81	25.59	20.07	20.73	35.97	33.08	34.21	33.26

December 31, 2023 calculation

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

Valero Energy Corp.'s number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the number of days was 37.27, which decreased from the previous quarter Q3 2023 (38.46 days). This suggests that the company took slightly less time to pay its payables in Q4 2023 compared to Q3 2023.

Looking further back, the number of days of payables in Q4 2023 was also lower than in Q4 2022 (30.81 days), indicating an improvement in the management of payables over the year. Additionally, the lowest number of days of payables was observed in Q1 2023 at 26.28 days, showing a particularly efficient management of payables during that quarter.

On the other hand, in Q2 2022, the number of days of payables peaked at 44.55 days, suggesting a delay in paying off obligations during that period. However, this was followed by a downward trend in the subsequent quarters.

Overall, Valero Energy Corp.'s number of days of payables exhibits some variability but generally shows a manageable and improving trend, with the company efficiently managing its payables over the analyzed period.