WESCO International Inc (WCC)
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 | 8.63 | 7.92 | 7.80 | 7.74 | 7.32 | 7.54 | 7.12 | 7.76 | 8.14 | 7.19 | 6.84 | 6.30 | 5.86 | 4.56 | 4.06 | 8.44 | 8.16 | 7.87 | 7.96 | 8.25 | |
| Number of days of payables | days | 42.30 | 46.06 | 46.77 | 47.13 | 49.83 | 48.42 | 51.24 | 47.07 | 44.86 | 50.80 | 53.36 | 57.96 | 62.33 | 80.02 | 89.86 | 43.23 | 44.73 | 46.36 | 45.88 | 44.22 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.63
= 42.30
Based on the data provided for Wesco International, Inc.'s number of days of payables over the last eight quarters, there is a trend of decreasing number of days of payables from Q4 2022 to Q4 2023. This downward trend indicates that the company is taking fewer days to pay its suppliers and vendors.
Specifically, the number of days of payables has decreased from 59.42 days in Q4 2022 to 50.59 days in Q4 2023. This implies that Wesco International, Inc. has been managing its accounts payable more efficiently, potentially negotiating better payment terms with its suppliers or streamlining its payment processes.
Additionally, the variability in the number of days of payables over the quarters suggests that there may be seasonal factors or specific events influencing the company's payables management. Overall, a decreasing trend in the number of days of payables can indicate improved liquidity management and better cash flow efficiency for Wesco International, Inc.
Peer comparison
Dec 31, 2023