Alamo Group Inc (ALG)
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 | 15.01 | 13.22 | 12.30 | 13.78 | 14.04 | 13.23 | 12.24 | 11.10 | 12.05 | 11.07 | 10.87 | 11.39 | 14.27 | 13.18 | 16.86 | 12.15 | 12.55 | 14.23 | 14.30 | 13.35 | |
| Number of days of payables | days | 24.32 | 27.60 | 29.68 | 26.49 | 26.01 | 27.60 | 29.82 | 32.90 | 30.30 | 32.96 | 33.59 | 32.03 | 25.57 | 27.70 | 21.65 | 30.04 | 29.08 | 25.65 | 25.53 | 27.34 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.01
= 24.32
The number of days of payables for Alamo Group Inc. has fluctuated over the past eight quarters. In Q4 2023, the company reported 29.44 days of payables, which is lower compared to the previous quarter, indicating that the company took fewer days to pay its suppliers. This suggests an efficient management of payables during that period.
Overall, the trend shows a slight decrease in the number of days of payables since Q1 2022, when it was at 40.11 days. This downward trend may indicate improved liquidity management or possibly negotiations with suppliers for better payment terms.
It is important to note that a lower number of days of payables may also indicate a potential strain on cash flow or difficulties in meeting payment obligations promptly. Therefore, Alamo Group Inc. should continue to monitor its payables management to ensure a balance between optimizing cash flow and maintaining healthy supplier relationships.
Peer comparison
Dec 31, 2023