Compass Minerals International Inc (CMP)

Number of days of payables

		Jun 30, 2024	Mar 31, 2024	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	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
Payables turnover		5.14	4.13	3.07	1.57	1.81	1.53	1.58	1.61	1.87	3.59	3.95	4.82	3.95	2.11	1.74	1.94	1.86	1.63	1.30	1.38
Number of days of payables	days	71.03	88.31	118.90	232.71	201.30	239.24	230.85	226.18	194.98	101.76	92.29	75.71	92.35	172.97	209.78	188.34	196.06	223.39	280.75	265.28

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.14
= 71.03

The number of days of payables for Compass Minerals International Inc has been fluctuating over the past few quarters. Generally, a lower number of days of payables indicates that the company takes less time to pay its suppliers, while a higher number of days suggests that the company takes longer to settle its payables.

In the most recent quarter ending June 30, 2024, Compass Minerals International Inc had 71.03 days of payables, indicating a relatively efficient payment cycle. This was a significant improvement compared to the previous quarter, where the number of days of payables was 88.31 days.

Looking further back, the number of days of payables has varied widely, ranging from a low of 71.03 days to a high of 280.75 days over the past few quarters. This suggests that the company's payables management may have been inconsistent or impacted by various factors such as business seasonality or changes in supplier terms.

Overall, Compass Minerals International Inc's number of days of payables should be monitored to ensure efficient cash flow management and healthy supplier relationships.