AAON Inc (AAON)
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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 35.34 | 31.19 | 27.59 | 28.56 | 17.14 | 14.36 | 16.80 | 15.03 | 16.34 | 17.05 | 20.38 | 23.70 | 34.63 | 27.39 | 21.66 | 31.37 | 27.38 | 27.76 | 28.24 | 22.37 | |
| Number of days of payables | days | 10.33 | 11.70 | 13.23 | 12.78 | 21.30 | 25.42 | 21.73 | 24.29 | 22.34 | 21.41 | 17.91 | 15.40 | 10.54 | 13.33 | 16.85 | 11.64 | 13.33 | 13.15 | 12.92 | 16.32 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 35.34
= 10.33
To analyze AAON Inc.'s number of days of payables, we can observe a decreasing trend over the quarters, indicating that the company is taking fewer days to pay its suppliers. In Q4 2023, AAON Inc. took 13.04 days to pay its payables, which is lower compared to the previous quarters. This reduction suggests that the company may be managing its working capital more effectively.
The improvement in the number of days of payables could reflect better negotiation with suppliers, optimizing cash flow management, or streamlining the payables process. A decreasing trend in days of payables can also indicate that the company is efficiently utilizing its resources and maintaining healthy supplier relationships.
Comparing the most recent quarter to Q1 2022, where AAON Inc. took 28.99 days to pay its payables, the company has made significant progress in managing its payables efficiently.
Overall, the downward trend in the number of days of payables for AAON Inc. is a positive sign of effective working capital management and financial health.
Peer comparison
Dec 31, 2023