Albany International Corporation (AIN)
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 | 10.85 | 12.74 | 13.05 | 11.03 | 11.78 | 12.12 | 10.98 | 11.60 | 10.46 | 13.04 | 12.58 | 12.57 | 13.44 | 13.63 | 12.73 | 10.92 | 10.07 | 10.80 | 10.53 | 8.73 | |
| Number of days of payables | days | 33.64 | 28.64 | 27.96 | 33.09 | 30.99 | 30.12 | 33.23 | 31.45 | 34.90 | 28.00 | 29.02 | 29.04 | 27.17 | 26.78 | 28.67 | 33.41 | 36.26 | 33.78 | 34.68 | 41.81 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.85
= 33.64
Albany International Corp.'s number of days of payables has shown some variation in recent quarters. In Q4 2023, the number of days of payables was 43.90 days, which was higher compared to the preceding quarter, Q3 2023, where it was 36.97 days. This increase indicates that the company took longer to pay its suppliers in Q4 2023.
Looking at the trend over the past year, the number of days of payables has generally been within a moderate range, with fluctuations observed from quarter to quarter. The highest number of days of payables was recorded in Q4 2022 at 43.44 days, while the lowest was seen in Q2 2023 at 35.70 days.
Overall, the trend in Albany International Corp.'s number of days of payables suggests that the company manages its payment obligations to suppliers within a reasonable timeframe, with some quarter-to-quarter variability in the pace of payments.