ArcBest (ArcBest) Days Payable

: 21.55 (As of Dec. 2023)

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ArcBest's average Accounts Payable for the three months ended in Dec. 2023 was $230 Mil. ArcBest's Cost of Goods Sold for the three months ended in Dec. 2023 was $974 Mil. Hence, ArcBest's Days Payable for the three months ended in Dec. 2023 was 21.55.

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

ARCB' s Days Payable Range Over the Past 10 Years
Min: 15.76 Med: 18.77 Max: 26.2
Current: 22.16

During the past 13 years, ArcBest's highest Days Payable was 26.20. The lowest was 15.76. And the median was 18.77.

ARCB's Days Payable is ranked worse than
77.73% of 934 companies
in the Transportation industry
Industry Median: 39.565 vs ARCB: 22.16

ArcBest's Days Payable declined from Dec. 2022 (26.02) to Dec. 2023 (21.55). It may suggest that ArcBest accelerated paying its suppliers.

ArcBest Days Payable Historical Data

The historical data trend for ArcBest'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.

* Premium members only.

ArcBest Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

18.31

20.54

26.20

23.81

21.81

ArcBest Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																26.02	23.32	22.24	21.87	21.55

Competitive Comparison

For the Trucking subindustry, ArcBest'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.

ArcBest Days Payable Distribution

For the Transportation industry and Industrials sector, ArcBest's Days Payable distribution charts can be found below:

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

ArcBest 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.

ArcBest'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
=	( (269.854	+	214.004)	/	2 )	/	4049.01	*	365
=	241.929					/	4049.01	*	365
=	21.81

ArcBest'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
=	( (245.899	+	214.004)	/	2 )	/	973.801	*	365 / 4
=	229.9515					/	973.801	*	365 / 4
=	21.55

ArcBest Days Payable Related Terms

Thank you for viewing the detailed overview of ArcBest's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

ArcBest (ArcBest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ArcBest Corp (NAS:ARCB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AQY:Germany

Address

8401 McClure Drive, Fort Smith, AR, USA, 72916

Website

https://www.arcb.com

ArcBest Corp is engaged in logistics operations. The company operates in three business segments namely Asset-Based, ArcBest and FleetNet. Asset-Based segment which represents ABF Freight System, Inc. and certain other subsidiaries, including ABF Freight System (B.C.) ULC; ABF Freight System Canada ULC; ABF Cartage, Inc.; and Land-Marine Cargo, Inc.. ArcBest segment consist asset-light logistics operation, including MoLo, Panther, and certain other subsidiaries. FleetNet segment revenues consist of service fee revenue, roadside repair revenue, and routine maintenance services revenue. The ArcBest and FleetNet reportable segments, combined, represent its Asset-Light operations.

Executives

Janice E Stipp	director	1281 COVINGTON ROAD, BLOOMFIELD HILLS MI 48301
John Matthew Beasley	officer: CFO and Treasurer(1)	8401 MCCLURE DRIVE, FORT SMITH AR 72916
Kathleen D. Mcelligott	director	MCKESSON CORPORATION, 6555 NORTH STATE HWY 161, IRVING TX 75039
Anderson Dennis L Ii	officer: Vice President - Strategy	ARCBEST CORPORATION, 3801 OLD GREENWOOD ROAD, FORT SMITH AR 72903
Craig E Philip	director	ARCBEST CORPORATION, 3801 OLD GREENWOOD ROAD, FORT SMITH AR 72903
Steven Spinner	director	C/O UNITED NATURAL FOODS, INC., 260 LAKE ROAD, DAYVILLE CT 06241
Michael R Johns	officer: VP - Gen Counsel & Corp Sec	ARCBEST CORPORATION, 3801 OLD GREENWOOD ROAD, FORT SMITH AR 72903
Judy R Mcreynolds	officer: Vice President - Controller	ARCBEST CORPORATION, PO BOX 10048, FORT SMITH AR 72917-0048
Michael E Newcity	officer: Chief Financial Officer - VP	ARCBEST CORPORATION, 3801 OLD GREENWOOD ROAD, FORT SMITH AR 72903
Seth Runser	officer: President of ABF Freight	8401 MCCLURE DRIVE, FORT SMITH AR 72916
Erin K Gattis	officer: VP - Human Resources	ARCBEST CORPORATION, 3801 OLD GREENWOOD ROAD, FORT SMITH AR 72903
Christopher A Adkins	officer: VP - Yield & Management (1)	8401 MCCLURE DR., FORT SMITH AR 72916
Jason T Parks	officer: VP - Controller (1)	8401 MCCLURE DRIVE, FORT SMITH AR 72916
Salvatore A Abbate	director	1000 ABERNATHY ROAD NE., BUILDING 400, SUITE 1700, ATLANTA GA 30328
Daniel E Loe	officer: VP - Enterp Cust Sols (1)	ARCBEST CORPORATION, 3801 OLD GREENWOOD ROAD, FORT SMITH AR 72903