CSW Industrials Inc (CSWI)
Number of days of payables
| Sep 30, 2024 | 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.87 | 12.20 | 13.61 | 14.88 | 13.73 | 13.85 | 15.77 | 13.81 | 11.06 | 10.22 | 10.60 | 12.26 | 11.73 | 9.09 | 10.09 | 12.72 | 15.12 | 13.70 | 14.85 | 18.38 | |
| Number of days of payables | days | 33.58 | 29.91 | 26.83 | 24.53 | 26.59 | 26.35 | 23.14 | 26.43 | 33.00 | 35.73 | 34.43 | 29.77 | 31.12 | 40.16 | 36.19 | 28.68 | 24.13 | 26.64 | 24.58 | 19.86 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.87
= 33.58
The number of days of payables for CSW Industrials Inc has shown fluctuations over the past few quarters. As of September 30, 2024, the company takes approximately 33.58 days to pay its outstanding payables to suppliers. This figure has increased from the previous quarter's 29.91 days, indicating a potential slowdown in payment processing.
Comparing the current period to historical data, the number of days of payables has generally ranged between 23 to 36 days over the last several quarters. The highest number of days was recorded at 40.16 days as of June 30, 2021, while the lowest was at 19.86 days as of December 31, 2019.
The trend in the number of days of payables can provide insights into the company's liquidity management and vendor relationships. A longer payment period may indicate a cash advantage for the company, allowing it to optimize working capital. However, excessively extending payment terms could strain supplier relationships and impact future purchasing conditions.
It is advisable for stakeholders to monitor changes in the number of days of payables to assess the company's liquidity position, operational efficiency, and financial stability. Additionally, comparing this ratio to industry benchmarks can help evaluate the company's performance relative to its peers.
Peer comparison
Sep 30, 2024