Barnes Group Inc (B)
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 | 8.68 | 8.45 | 8.64 | 8.36 | 8.55 | 9.24 | 9.06 | 8.66 | 8.81 | 9.08 | 8.74 | 8.83 | 9.44 | 12.33 | 11.51 | 10.96 | 11.11 | 10.88 | 10.11 | 10.06 | |
| Number of days of payables | days | 42.06 | 43.20 | 42.25 | 43.65 | 42.68 | 39.50 | 40.29 | 42.17 | 41.44 | 40.20 | 41.76 | 41.33 | 38.68 | 29.59 | 31.71 | 33.29 | 32.84 | 33.54 | 36.12 | 36.29 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.68
= 42.06
To analyze Barnes Group Inc.'s number of days of payables, we can see a trend of relatively stable figures over the past eight quarters. The company's average number of days of payables ranges from around 59 to 65 days, indicating that Barnes Group typically takes approximately two to three months to pay its suppliers.
Despite slight fluctuations quarter over quarter, the number of days of payables appears to stay within a relatively narrow range, suggesting consistency in the company's payment practices. This stability may indicate effective management of working capital and vendor relationships by Barnes Group.
Overall, based on the data provided, Barnes Group Inc.'s number of days of payables does not show significant deviations from the historical average, reflecting a consistent approach to managing its accounts payable over the past two years.
Peer comparison
Dec 31, 2023