Topbuild Corp (BLD)

The number of days of payables for Topbuild Corp has shown a decreasing trend over the past five years. At the end of December 31, 2020, the company took approximately 49.90 days to pay its suppliers, which increased to 54.31 days by the end of December 31, 2021. However, in the following years, there was a notable improvement in payment efficiency as the number of days of payables decreased to 41.00 days by December 31, 2022, further dropping to 38.39 days by December 31, 2023, and reaching 36.12 days by December 31, 2024.

This trend indicates that Topbuild Corp has been managing its payables more effectively over time, potentially negotiating better payment terms with its suppliers or streamlining its accounts payable processes. A lower number of days of payables suggests that the company is able to settle its outstanding obligations quicker, which can positively impact its working capital management and overall financial health.