The ODP (The ODP) Days Payable : 50.90 (As of Dec. 2023)

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What is The ODP Days Payable?

The ODP's average Accounts Payable for the three months ended in Dec. 2023 was $787 Mil. The ODP's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,410 Mil. Hence, The ODP's Days Payable for the three months ended in Dec. 2023 was 50.90.

The historical rank and industry rank for The ODP's Days Payable or its related term are showing as below:

ODP' s Days Payable Range Over the Past 10 Years
Min: 41.27 Med: 48.28 Max: 52.59
Current: 50.08

During the past 13 years, The ODP's highest Days Payable was 52.59. The lowest was 41.27. And the median was 48.28.

ODP's Days Payable is ranked worse than
55.56% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs ODP: 50.08

The ODP's Days Payable increased from Dec. 2022 (46.01) to Dec. 2023 (50.90). It may suggest that The ODP delayed paying its suppliers.

The ODP Days Payable Historical Data

The historical data trend for The ODP's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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The ODP Days Payable Chart

The ODP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.59

49.65

49.95

48.65

47.42

The ODP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															46.01	48.35	54.00	49.99	50.90

Competitive Comparison of The ODP's Days Payable

For the Specialty Retail subindustry, The ODP's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The ODP's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The ODP's Days Payable distribution charts can be found below:

* The bar in red indicates where The ODP's Days Payable falls into.

The ODP Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

The ODP's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (821	+	755)	/	2 )	/	6065	*	365
=	788					/	6065	*	365
=	47.42

The ODP's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (818	+	755)	/	2 )	/	1410	*	365 / 4
=	786.5					/	1410	*	365 / 4
=	50.90

The ODP Days Payable Related Terms

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The ODP (The ODP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The ODP Corp (NAS:ODP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ODP1:Germany

Address

6600 North Military Trail, Boca Raton, FL, USA, 33496

Website

https://www.officedepot.com

The ODP Corp is a provider of business services and supplies, products, and digital workplace technology solutions to small, medium-sized and enterprise businesses. The operating business segments are ODP Business Solutions Division; Office Depot Division; Veyer Division and Varis Division. It generates maximum revenue from the Veyer Division segment. The Veyer Division specializes in B2B and consumer business service delivery, with core competencies in distribution, fulfillment, transportation, global sourcing, and purchasing.

Executives

Kevin Moffitt	officer: SVP, Chief Retail Officer	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Diego Anthony Scaglione	officer: EVP & Chief Financial Officer	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Gerry P Smith	director, officer: Chief Executive Officer	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
John Gannfors	officer: EVP-Transformation & Strategic, other: Sourcing	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Zoe Maloney	officer: EVP, Chief HR Officer	6600 N MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Max Hood	officer: SVP & Chief Accounting Officer	6600 NORTH MILITARY TRAIL, BOCA RATON, FL FL 33496
Sarah E. Hlavinka	officer: EVP-Chief Legal Officer & Secy	2111 N MOLTER RD, LIBERTY LAKE WA 99019
David C Centrella	officer: EVP - Business Solutions Div	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
N. David Bleisch	officer: EVP-Chief Legal Officer & Secy	C/O THE ADT CORPORATION, 1501 YAMATO ROAD, BOCA RATON FL 33431
Stephen M. Mohan	officer: EVP - Business Solutions Div	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Haas Richard A. Jr	officer: SVP & Chief Accounting Officer	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Marcus Dunlop	director	330 MADISON AVENUE, FLOOR 23, NEW YORK NY 10017
Wendy Lee Schoppert	director	6105 TRENTON LANE NORTH, MINNEAPOLIS MN 55442
Terry Leeper	officer: EVP, Chief Technology Officer	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Shashank Samant	director	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496