XPO Logistics Inc (XPO)

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		7.27	6.10	9.46	11.97	15.40	10.57	9.63	8.89	23.20	9.55	7.09	6.30	9.21	7.69	9.37	7.66	7.14	7.30	7.16	7.22
Number of days of payables	days	50.19	59.82	38.60	30.50	23.70	34.52	37.89	41.04	15.74	38.22	51.51	57.96	39.63	47.46	38.94	47.64	51.10	50.00	50.99	50.54

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.27
= 50.19

The number of days of payables for XPO Inc has exhibited variability over the past eight quarters. In Q4 2023, the company had 110.33 days of payables, representing an increase compared to Q1 2023 but a decrease from the peak seen in Q2 2023 at 134.84 days. The trend for payables appears to be fluctuating, reflecting changes in the company's payment practices and relationships with suppliers. Overall, XPO Inc's management of payables indicates a level of flexibility and responsiveness to market conditions. It would be beneficial to monitor future trends to assess the company's efficiency in managing its payables effectively.