AdvanSix Inc (ASIX)

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		5.67	6.23	7.12	7.91	6.32	6.62	6.15	7.75	6.75	6.47	6.70	6.59	5.76	4.45	5.38	4.96	4.47	5.78	6.90	7.27
Number of days of payables	days	64.41	58.55	51.26	46.14	57.79	55.15	59.35	47.09	54.04	56.37	54.44	55.38	63.37	82.08	67.87	73.55	81.68	63.11	52.86	50.22

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.67
= 64.41

The number of days of payables for AdvanSix Inc has shown fluctuation over the past eight quarters. In Q4 2023, the company had an average payment period of 69.10 days, which increased from 62.80 days in Q3 2023. This indicates that the company took longer to pay its suppliers in Q4 compared to the previous quarter. Looking further back, there was a significant decrease in the number of days of payables from Q2 2023 to Q1 2023, with the payment period decreasing from 54.71 days to 48.92 days.

Comparing year-over-year data, the number of days of payables was higher in Q4 2023 compared to Q4 2022 when it stood at 61.04 days. However, there was a notable increase from Q3 2022 to Q4 2022 where the payables period increased from 58.09 days to 61.04 days.

Overall, the trend in the number of days of payables for AdvanSix Inc appears to be somewhat volatile, with fluctuations observed from quarter to quarter. This may indicate variations in the company's payment practices and relationships with suppliers. Further analysis and comparison with industry benchmarks could provide additional insights into the company's working capital management and efficiency.