Api Group Corp (APG)
Number of days of payables
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.03 | 9.95 | 10.93 | 11.73 | 13.11 | 10.67 | 11.55 | 10.57 | 11.17 | 9.89 | 9.47 | 8.80 | 8.88 | 12.72 | 13.89 | 15.49 | 16.51 | 18.87 | 20.66 | 19.85 | |
| Number of days of payables | days | 33.09 | 36.68 | 33.41 | 31.11 | 27.84 | 34.20 | 31.61 | 34.54 | 32.67 | 36.92 | 38.54 | 41.48 | 41.08 | 28.70 | 26.28 | 23.57 | 22.11 | 19.34 | 17.67 | 18.38 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.03
= 33.09
Analyzing the number of days of payables for Api Group Corp over the specified period reveals several noteworthy trends. Starting at approximately 18.38 days on June 30, 2020, the metric exhibits an overall increasing pattern, reaching a peak of 41.48 days on June 30, 2022. During this period, the company appears to have extended its average payable period significantly, suggesting a strategic tendency toward delaying payments to suppliers.
From the peak in mid-2022, there is a discernible reduction, with the figure decreasing to approximately 27.84 days by March 31, 2024. This decline indicates a possible shift towards more prompt payment practices or improved liquidity management. Subsequently, the number of days of payables fluctuates slightly, remaining within a range of approximately 31 to 36 days through September 2024, before slightly increasing again to around 33.09 days by March 31, 2025.
Overall, the data suggests that Api Group Corp extended its payable period considerably during 2021 and the first half of 2022, potentially reflecting strategic payment delaying to optimize cash flow. Following the peak, there is a noticeable tendency towards shortening the payable cycle, possibly indicating improved financial health or changes in supplier negotiations. The fluctuations in this metric underscore a dynamic approach to managing payables, with periods of both extension and contraction corresponding to possible financial or operational adjustments.
Peer comparison
Mar 31, 2025