Builders FirstSource Inc (BLDR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 17.31 | 23.97 | 16.34 | 13.40 | 15.82 | |
| Number of days of payables | days | 21.08 | 15.23 | 22.34 | 27.24 | 23.08 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.31
= 21.08
Builders Firstsource Inc has shown variability in its number of days of payables over the past five years. The number of days of payables was relatively stable between 2019 and 2021, ranging from 28.42 days to 30.06 days. However, there was a significant decrease in the number of days of payables in 2022 to 19.57 days, indicating the company was managing its payables more efficiently.
In 2023, the number of days of payables increased to 29.02 days, reflecting a lengthening of the time it takes the company to pay its suppliers. This increase could be due to changes in the company's payment policies or vendor relationships. Overall, the trend in the number of days of payables suggests that the company has been able to effectively manage its payable obligations, with some fluctuations in recent years.
Peer comparison
Dec 31, 2023