Xerox Corp (XRX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.97 | 1.53 | 1.85 | 2.27 | 2.41 | |
| Number of days of payables | days | 185.52 | 239.32 | 197.26 | 160.68 | 151.20 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.97
= 185.52
The number of days of payables for Xerox Holdings Corp has shown some fluctuations over the past five years. In 2023, the number of days of payables was 85.79 days, decreasing from 103.78 days in 2022. This means that on average, Xerox took approximately 85.79 days to pay its suppliers in 2023.
Comparing this figure to previous years, we observe that the number of days of payables was relatively stable in 2021 and 2020, at 86.25 days and 83.93 days respectively. However, there was a notable increase in 2022 compared to the previous years. The lowest number of days of payables was recorded in 2019 at 72.72 days.
Overall, a lower number of days of payables indicates that the company is taking longer to pay its suppliers, which can suggest either improved cash flow management or potentially strained relationships with suppliers. It is important to consider this ratio alongside other financial metrics to assess the overall financial health and efficiency of Xerox Holdings Corp.
Peer comparison
Dec 31, 2023