XPO Logistics Inc (XPO)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Payables turnover 8.57 9.14 8.42 6.91 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
Number of days of payables days 42.61 39.94 43.37 52.79 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

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.57
= 42.61

The number of days of payables for XPO Logistics Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. In March 2020, the company took approximately 47.64 days to pay its suppliers, and this number decreased to around 38.94 days by June 2020 before increasing to 47.46 days by September 2020.

Thereafter, the number of days of payables decreased to 39.63 days by December 2020. Subsequently, there was an increase in the number of days of payables to 57.96 days by March 2021, followed by a decrease to 51.51 days by June 2021 and further decrease to 38.22 days by September 2021.

In December 2021, the number of days of payables significantly dropped to 15.74 days, indicating the company was paying its suppliers much faster. However, this trend reversed somewhat as the number of days of payables increased to 41.04 days by March 2022 and then decreased to 37.89 days by June 2022.

The trend continued with fluctuations, with the number of days of payables ranging from 34.52 days to 59.82 days from September 2022 to September 2023. By December 2023, the number of days of payables decreased to 50.19 days, followed by slight increases to 52.79 days in March 2024 and 43.37 days in June 2024.

As of December 31, 2024, XPO Logistics Inc had approximately 42.61 days of payables. Overall, the company's management of its payables has exhibited variability, with some periods indicating faster payment to suppliers and others showing extended payment periods.