Arcosa Inc (ACA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.84 | 9.61 | 9.04 | 10.78 | 15.61 | |
| Number of days of payables | days | 53.36 | 38.00 | 40.36 | 33.85 | 23.39 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.84
= 53.36
Arcosa Inc's number of days of payables has fluctuated over the past five years. The trend shows an increasing pattern from 23.39 days in 2019 to 53.36 days in 2023. This indicates that the company is taking longer to pay its suppliers and vendors. An increase in days of payables could be a strategic move by the company to optimize cash flow and working capital management. However, it is essential for Arcosa Inc to carefully manage its relationships with suppliers to avoid any negative impacts on supply chain relationships.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Arcosa Inc
ACA
53.36
Proto Labs Inc
PRLB
12.88
Valmont Industries Inc
VMI
32.38