Archrock Inc (AROC)
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 | 9.41 | 10.98 | 8.69 | 7.16 | 8.48 | 5.88 | 6.53 | 6.89 | 12.34 | 10.73 | 10.33 | 14.96 | 21.53 | 19.31 | 17.10 | 9.38 | 6.09 | 5.60 | 3.89 | 1.61 | |
| Number of days of payables | days | 38.78 | 33.25 | 42.01 | 50.99 | 43.03 | 62.05 | 55.89 | 53.01 | 29.58 | 34.03 | 35.32 | 24.40 | 16.95 | 18.90 | 21.35 | 38.91 | 59.96 | 65.14 | 93.94 | 226.27 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.41
= 38.78
Archrock Inc's number of days of payables has ranged from 42.61 days to 81.42 days over the past eight quarters, indicating fluctuations in the company's payment terms to its suppliers.
In the most recent quarter, Q4 2023, the number of days of payables was 49.61 days, which represents an improvement compared to the previous quarter Q3 2023 (42.61 days). This suggests that the company took longer to pay its suppliers in Q4 2023 compared to Q3 2023.
Historically, the number of days of payables has trended downwards from Q3 2022 to Q2 2023, reaching a low of 54.07 days before increasing in the most recent quarter.
Overall, monitoring Archrock Inc's number of days of payables can provide insights into the company's management of its cash flow and working capital efficiency.
Peer comparison
Dec 31, 2023