PC Connection Inc (CNXN)
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 | 10.46 | 10.58 | 10.39 | 12.41 | 12.97 | 11.90 | 10.98 | 10.85 | 9.96 | 12.40 | 10.07 | 11.91 | 9.47 | 9.04 | 10.62 | 12.70 | 11.53 | 13.72 | 10.21 | 12.45 | |
| Number of days of payables | days | 34.90 | 34.51 | 35.14 | 29.41 | 28.15 | 30.68 | 33.25 | 33.66 | 36.63 | 29.43 | 36.23 | 30.66 | 38.53 | 40.39 | 34.37 | 28.74 | 31.65 | 26.61 | 35.75 | 29.31 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.46
= 34.90
The number of days of payables for PC Connection, Inc. has been relatively stable over the past eight quarters, ranging from a low of 32.67 days in Q4 2022 to a high of 41.16 days in Q2 2023. This indicates that the company takes an average of around 35 to 41 days to pay its accounts payable obligations.
A consistent number of days of payables suggests that PC Connection, Inc. has been maintaining a steady payment schedule with its suppliers. However, the slight increase in days of payables in recent quarters, particularly in Q2 2023, may indicate a potential delay in settling its payables, which could have implications for supplier relationships or cash flow management.
Overall, a detailed analysis of the trend in days of payables can provide insights into the company's liquidity position, efficiency in managing working capital, and potential financial health.
Peer comparison
Dec 31, 2023