Badger Meter Inc (BMI)
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 | 7.26 | 6.69 | 6.63 | 6.38 | 6.82 | 7.28 | 7.49 | 8.58 | 10.43 | 9.81 | 9.72 | 9.38 | 10.53 | 9.62 | 10.20 | 10.35 | 11.73 | 11.38 | 12.55 | 13.65 | |
| Number of days of payables | days | 50.26 | 54.56 | 55.02 | 57.23 | 53.56 | 50.16 | 48.72 | 42.54 | 35.00 | 37.20 | 37.56 | 38.93 | 34.68 | 37.95 | 35.79 | 35.28 | 31.12 | 32.07 | 29.07 | 26.74 |
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 shown some fluctuations over the past eight quarters. In Q4 2023, the company had 69.90 days of payables, which decreased from the previous quarter. This indicates that the company took fewer days to pay its creditors in Q4 2023 compared to Q3 2023 when it had 76.31 days of payables.
Looking at a longer trend, the number of days of payables has generally been in the range of 60 to 80 days over the past two years, with some variability quarter to quarter. The longest number of days of payables was observed in Q1 2023 at 80.61 days, while the shortest was in Q2 2022 at 61.17 days.
A decreasing trend in the number of days of payables could signify efficiency in managing payables, as the company is taking fewer days to settle its outstanding obligations. On the other hand, an increasing trend may suggest delays in payments to suppliers, potentially impacting relationships with creditors and liquidity management.
It is essential for stakeholders to monitor this ratio closely as it can provide insights into the company's cash flow management, supplier relationships, and overall financial health.
Peer comparison
Dec 31, 2023