WESCO International Inc (WCC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.63 | 7.32 | 8.14 | 7.02 | 8.16 | |
| Number of days of payables | days | 42.30 | 49.83 | 44.86 | 52.02 | 44.73 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.63
= 42.30
The number of days of payables for Wesco International, Inc. has fluctuated over the past five years, indicating changes in the company's payment practices to its suppliers. In 2023, the number of days of payables decreased to 50.59 days from 59.42 days in 2022 and 54.15 days in 2021. This suggests that Wesco International, Inc. took fewer days to pay its suppliers in 2023 compared to the previous two years.
However, when compared to 2020 and 2019, the number of days of payables in 2023 was still higher. In 2020, the company took 62.33 days to pay its payables, while in 2019, it took 44.73 days. This indicates that in recent years, Wesco International, Inc. has been taking longer to pay its suppliers compared to the prior period.
Overall, a decreasing trend in the number of days of payables from 2022 to 2023 may suggest improved liquidity management, as the company is taking fewer days to settle its payables. However, it is important to monitor this ratio in conjunction with other financial metrics to get a comprehensive view of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023