Astec Industries Inc (ASTE)
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 | 11.08 | 11.52 | 12.03 | 11.57 | 11.60 | 11.35 | 10.97 | 10.93 | 13.12 | 12.93 | 12.56 | 14.40 | 18.71 | 20.13 | 22.59 | 16.48 | 18.09 | 18.31 | 14.82 | 14.29 | |
| Number of days of payables | days | 32.95 | 31.68 | 30.34 | 31.56 | 31.45 | 32.15 | 33.27 | 33.41 | 27.81 | 28.22 | 29.05 | 25.34 | 19.50 | 18.14 | 16.16 | 22.15 | 20.17 | 19.93 | 24.62 | 25.54 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.08
= 32.95
The number of days of payables for Astec Industries Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the company had 42.36 days of payables, which indicates that, on average, the company takes approximately 42 days to pay off its trade payables. This represents an increase from the previous quarter, Q3 2023, where the number of days of payables was 40.22 days.
Looking at the trend over the past year, it can be observed that the number of days of payables has varied between 37.83 days and 42.58 days. This implies that the company's payment terms with suppliers have been somewhat stable, with minor fluctuations. The lower the number of days of payables, the shorter the time it takes for the company to settle its supplier obligations, and vice versa.
Overall, monitoring the number of days of payables can provide insights into the company's cash management practices and its relationship with suppliers. It is essential for investors and stakeholders to track this metric to understand how effectively the company is managing its working capital and cash flow.
Peer comparison
Dec 31, 2023