Allegheny Technologies Incorporated (ATI)
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 | 7.16 | 8.45 | 7.90 | 8.10 | 6.21 | 7.89 | 6.99 | 6.87 | 7.04 | 6.76 | 7.31 | 7.26 | 8.89 | 14.41 | 13.73 | 8.75 | 7.23 | 9.17 | 9.06 | 8.21 | |
| Number of days of payables | days | 50.95 | 43.20 | 46.22 | 45.07 | 58.76 | 46.24 | 52.20 | 53.10 | 51.83 | 53.99 | 49.96 | 50.27 | 41.04 | 25.32 | 26.58 | 41.73 | 50.48 | 39.82 | 40.28 | 44.44 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.16
= 50.95
To analyze ATI Inc's number of days of payables, we observe a fluctuating trend over the past eight quarters. In Q4 2023, the number of days of payables increased to 56.82 days compared to the previous quarter at 47.57 days. This may indicate that the company is taking longer to pay its suppliers and vendors, potentially affecting its relationships with them.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), we see a decrease from 64.69 days to 56.82 days, suggesting an improvement in managing payables within a year. However, it would be beneficial to monitor this trend over subsequent quarters to understand if this improvement is sustained.
Overall, ATI Inc's number of days of payables has shown variability, indicating the need for careful management of payables to optimize cash flow and maintain healthy vendor relations. Stay tuned for future updates to track the company's performance in this area.