XPO Logistics Inc (XPO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.30 | 11.79 | 20.77 | 12.72 | 9.48 | |
| Number of days of payables | days | 49.98 | 30.95 | 17.57 | 28.68 | 38.52 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.30
= 49.98
The number of days of payables for XPO Inc has shown variability over the past five years. In 2023, the number of days of payables increased significantly to 110.33 days from 38.46 days in 2022. This suggests that the company took longer to pay its suppliers in 2023 compared to the previous year. The sharp increase in the number of days of payables could indicate potential liquidity issues or changes in the company's payment policies.
In 2021, the number of days of payables was 45.29 days, showing a slight increase from 2020 when it was 58.34 days. This indicates that XPO Inc managed its payables more efficiently in 2021 compared to the previous year. However, the number of days of payables in 2021 was higher than in 2019 when it was 50.86 days, suggesting a trend of increasing payables turnover over the years.
Overall, the number of days of payables for XPO Inc has fluctuated over the past five years, indicating varying levels of efficiency in managing its accounts payable. Further analysis of the company's financial performance and operational efficiency is recommended to understand the factors driving these trends.
Peer comparison
Dec 31, 2023