Badger Meter Inc (BMI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.26 | 6.82 | 10.43 | 10.53 | 11.73 | |
| Number of days of payables | days | 50.26 | 53.56 | 35.00 | 34.68 | 31.12 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.26
= 50.26
The number of days of payables for Badger Meter Inc. has fluctuated over the past five years. In 2023, the company took approximately 69.90 days to pay off its accounts payable, which is a decrease from 75.45 days in 2022. This suggests that the company has become more efficient in managing its payables in the most recent year. Compared to 2021, where it took 50.98 days to pay off its payables, there has been an increase in the number of days taken to settle its obligations.
When looking further back to 2020 and 2019, we see a similar trend of the number of days of payables increasing over time. In 2020, the company took 49.54 days to pay off its payables, whereas in 2019, it took 44.07 days.
Overall, Badger Meter Inc.'s number of days of payables has shown some variability in recent years, with some years indicating a longer period taken to settle payables, while others showing improvements in efficiency. This metric is essential for understanding the company's working capital management and relationships with its suppliers.
Peer comparison
Dec 31, 2023