Topbuild Corp (BLD)
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 | 9.51 | 9.72 | 9.42 | 9.75 | 8.91 | 8.27 | 7.57 | 7.33 | 6.72 | 7.19 | 7.39 | 7.53 | 7.31 | 7.65 | 8.15 | 7.88 | 7.75 | 7.48 | 7.35 | 7.09 | |
| Number of days of payables | days | 38.39 | 37.57 | 38.77 | 37.43 | 40.98 | 44.13 | 48.22 | 49.78 | 54.31 | 50.75 | 49.42 | 48.47 | 49.90 | 47.72 | 44.78 | 46.32 | 47.08 | 48.78 | 49.66 | 51.46 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.51
= 38.39
TopBuild Corp's number of days of payables has been gradually decreasing over the past two years, from 61.68 days in Q1 2022 to 47.73 days in Q4 2023. This indicates that the company is taking less time to pay off its suppliers and vendors, which could imply improved cash flow management and potentially stronger supplier relationships. However, it's important to note that the number of days of payables can vary by industry and company size, so it's essential to compare TopBuild Corp's ratio with industry benchmarks to gain a better understanding of its performance in this area.