Xerox Corp (XRX)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1.96 | 1.90 | 1.89 | 1.51 | 1.53 | 1.65 | 1.64 | 1.67 | 1.85 | 2.04 | 2.31 | 2.30 | 2.35 | 2.29 | 2.62 | ||||
| Number of days of payables | days | 186.06 | 192.29 | 192.88 | 242.15 | 239.20 | 221.59 | 222.73 | 218.30 | 196.86 | 178.95 | 158.07 | 158.96 | 155.19 | 159.34 | 139.08 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.96
= 186.06
The number of days of payables for Xerox Holdings Corp has shown variability over the quarters in the recent period. In Q4 2023, the number of days of payables was 85.79 days, slightly higher than the previous quarter at 82.98 days. This indicates that Xerox took around 85.79 days on average to pay off its accounts payable during this period.
Compared to the same quarter in the previous year, there has been a slight improvement, as Q4 2022 had a higher number of days of payables at 103.78 days. This suggests that Xerox has been more efficient in managing its payables and paying off its obligations in a timely manner.
Overall, the trend in the number of days of payables for Xerox Holdings Corp has been relatively stable, with some fluctuations. It is important to monitor this metric as it provides insights into the company's liquidity management and vendor payment practices.
Peer comparison
Dec 31, 2023