DXP Enterprises Inc (DXPE)
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 | 16.19 | 15.44 | 16.42 | 14.05 | 13.92 | 13.32 | 11.79 | 14.12 | 14.02 | 1.21 | 1.11 | 0.83 | 1.67 | 13.38 | 13.78 | 14.54 | 15.81 | 14.56 | 13.40 | 12.73 | |
| Number of days of payables | days | 22.54 | 23.64 | 22.23 | 25.97 | 26.23 | 27.40 | 30.97 | 25.85 | 26.03 | 302.13 | 329.33 | 441.62 | 218.85 | 27.28 | 26.48 | 25.10 | 23.09 | 25.07 | 27.24 | 28.67 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.19
= 22.54
The number of days of payables for DXP Enterprises Inc has shown fluctuation over the past few periods, ranging from as low as 22.23 days to as high as 441.62 days. This ratio indicates the average number of days the company takes to pay its suppliers, with lower numbers suggesting a more efficient management of accounts payable.
In the most recent period, as of December 31, 2023, the number of days of payables has improved to 22.54 days compared to the previous quarter but remains relatively low compared to historical data. This implies that DXP Enterprises Inc is managing its payables efficiently and may have negotiated better payment terms with its suppliers.
It is worth noting the significant spike in the number of days of payables during the third and fourth quarters of 2021, reaching 441.62 days by June 30, 2021. This could indicate potential challenges in managing cash flow or difficulties in meeting payment obligations during that period.
Overall, a decreasing trend in the number of days of payables reflects a positive sign for the company's liquidity and operational efficiency, whereas sudden spikes suggest a need for closer scrutiny of working capital management practices.
Peer comparison
Dec 31, 2023