Builders FirstSource Inc (BLDR)

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		17.31	14.96	15.33	19.04	23.89	17.81	15.27	11.94	16.34	16.01	10.23	9.19	13.40	11.38	12.82	12.82	15.80	13.93	13.73	15.47
Number of days of payables	days	21.08	24.40	23.80	19.17	15.28	20.49	23.91	30.57	22.34	22.79	35.69	39.72	27.24	32.09	28.48	28.46	23.11	26.21	26.59	23.60

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.31
= 21.08

Builders Firstsource Inc's number of days of payables has fluctuated over the past eight quarters. In Q4 2023, the company took an average of 29.02 days to pay its accounts payable, which was lower compared to the previous quarter. This indicates an improvement in the company's ability to settle its obligations in a timely manner. However, in Q3 and Q2 2023, the number of days of payables increased to 33.42 days and 32.13 days, respectively, suggesting a delay in payment processing.

Comparing the recent data to the same period in the previous year, there has been an overall increase in the number of days of payables. In Q4 2022, it took Builders Firstsource Inc on average 19.57 days to pay its accounts payable, indicating a more efficient payment cycle compared to the recent quarters. However, in Q1 2022, the number of days of payables was 38.59 days, reflecting a longer time taken to settle obligations.

These variations in the number of days of payables may be influenced by changes in the company's working capital management, supplier relationships, cash flow, or overall financial performance. A decreasing trend in the number of days of payables could indicate a more efficient cash conversion cycle, while an increasing trend may raise concerns about liquidity or potential strain on relationships with suppliers. Further analysis of the company's financial statements and industry benchmarks would provide deeper insights into the implications of these trends.