Alamo Group Inc (ALG)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.40 | 11.66 | 9.86 | 11.55 | 10.31 | |
| Number of days of payables | days | 29.44 | 31.31 | 37.02 | 31.61 | 35.39 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.40
= 29.44
Alamo Group Inc.'s number of days of payables has exhibited a fluctuating trend over the past five years. As of December 31, 2023, the company had an average payment period of approximately 29.44 days, which represents a decrease from the previous year. This indicates that Alamo Group Inc. took fewer days to pay its suppliers in 2023 compared to 2022.
Comparing the data further, it can be observed that the number of days of payables was relatively lower in 2023 and 2020, signaling efficient management of payables during those years. However, there was an increase in the payment period in 2021 and 2019, suggesting a potential delay in settling obligations to suppliers during those periods.
Overall, Alamo Group Inc.'s number of days of payables has varied over the years, reflecting changes in the company's payment practices and relationship with suppliers. It is essential for investors and stakeholders to monitor this ratio as it can provide insights into the company's liquidity management and vendor relationships.
Peer comparison
Dec 31, 2023