Smith AO Corporation (AOS)
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 | 5.21 | 5.48 | 5.59 | 5.61 | 4.97 | 5.32 | 5.12 | 4.72 | 3.94 | 4.32 | 4.37 | 4.65 | 4.15 | 4.69 | 5.55 | 5.60 | 4.99 | 5.33 | 5.29 | 5.36 | |
| Number of days of payables | days | 70.09 | 66.64 | 65.33 | 65.07 | 73.49 | 68.57 | 71.29 | 77.29 | 92.55 | 84.49 | 83.46 | 78.50 | 87.97 | 77.80 | 65.78 | 65.20 | 73.13 | 68.49 | 68.99 | 68.13 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.21
= 70.09
Based on the historical data provided, A.O. Smith Corp.'s number of days of payables has fluctuated over the past eight quarters. In Q4 2023, the company took approximately 92.54 days to pay its suppliers, showing an increase compared to the previous quarter. This increase indicates a slight extension in the company's payment period to suppliers.
The trend over the past two years shows some volatility in the number of days of payables, with peaks and troughs observed. In Q1 2022, the company had the highest number of days of payables at 100.86 days, which decreased over the following quarters before increasing again in the latest quarter.
Overall, the analysis of A.O. Smith Corp.'s number of days of payables suggests some variability in the company's payment practices. Investors and stakeholders may want to monitor these trends to understand how the company manages its working capital and supplier relationships.
Peer comparison
Dec 31, 2023