Brown & Brown (Brown & Brown) Days Payable

: 69.14 (As of Dec. 2023)

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Brown & Brown's average Accounts Payable for the three months ended in Dec. 2023 was $420 Mil. Brown & Brown's Cost of Goods Sold for the three months ended in Dec. 2023 was $554 Mil. Hence, Brown & Brown's Days Payable for the three months ended in Dec. 2023 was 69.14.

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

BRO' s Days Payable Range Over the Past 10 Years
Min: 53.16 Med: 268.86 Max: 318.05
Current: 60.01

During the past 13 years, Brown & Brown's highest Days Payable was 318.05. The lowest was 53.16. And the median was 268.86.

BRO's Days Payable is ranked better than
52.08% of 48 companies
in the Insurance industry
Industry Median: 57.26 vs BRO: 60.01

Brown & Brown's Days Payable increased from Dec. 2022 (53.99) to Dec. 2023 (69.14). It may suggest that Brown & Brown delayed paying its suppliers.

Brown & Brown Days Payable Historical Data

The historical data trend for Brown & Brown'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.

Brown & Brown Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

287.27

318.05

181.92

53.16

62.21

Brown & Brown Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																53.99	50.27	57.81	60.88	69.14

Competitive Comparison

For the Insurance Brokers subindustry, Brown & Brown'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.

Brown & Brown Days Payable Distribution

For the Insurance industry and Financial Services sector, Brown & Brown's Days Payable distribution charts can be found below:

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

Brown & Brown 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.

Brown & Brown'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
=	( (286.5	+	458.9)	/	2 )	/	2186.6	*	365
=	372.7					/	2186.6	*	365
=	62.21

Brown & Brown'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
=	( (380.2	+	458.9)	/	2 )	/	553.7	*	365 / 4
=	419.55					/	553.7	*	365 / 4
=	69.14

Brown & Brown Days Payable Related Terms

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Brown & Brown (Brown & Brown) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Brown & Brown Inc (NYSE:BRO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BRO:Mexico BTW:Germany BTW:Germany

Address

300 North Beach Stree, Daytona Beach, FL, USA, 32114

Website

https://www.bbinsurance.com

Brown & Brown Inc is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies. It earns its revenue via commissions from insurance companies and direct fees from customers, and it generally has no underwriting risk exposure. More than half of its revenue is from its retail segment, which provides a broad range of insurance products and services to entities and individuals. Roughly a fourth of revenue is from its national programs segment, which provides, among other things, professional liability coverage for professionals. The company operates primarily in the United States, with its highest exposure in Florida.

Executives

Stephen M Boyd	officer: EVP/ Pres Wholesale Brokerage	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Bronislaw Edmund Masojada	director	POINT BUILDING, 3 WATERLOO LANE, PEMBROKE D0 HM 08
Paul J Krump	director	C/O CHUBB & SON, 15 MOUNTAIN VIEW RD P O BOX161, WARREN NJ 07061-1615
Proctor H Palmer Jr	director
James Charles Hays	director	100 S. POINTE DRIVE, UNIT 2605, MIAMI BEACH FL 33139
Gellerstedt Lawrence L Iii	director	3344 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326
Jaymin B Patel	director	C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Robert W Lloyd	officer: VP & Chief Litigation Officer	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Hugh M Brown	director	3740 RANEY DRIVE, TITUSVILLE FL 32780
Nester Kenneth Gray Ii	officer: EVP/Chief Information Officer	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Julie Turpin	officer: EVP/Chief People Officer	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Chris L Walker	officer: Regional Executive VP	220 S RIDGEWOOD AVE, DAYTONA BEACH FL 32114-4318
R. Andrew Watts	officer: EVP, CFO and Treasurer	220 S. RIDGEWOOD AVE., DAYTONA BEACH FL 32114
P Barrett Brown	officer: EVP and Pres.- Retail Segment	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Jerome Scott Penny	officer: Regional Executive VP	300 N. BEACH STREET, DAYTONA BEACH FL 32114