EMCOR Group Inc (EME)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.21 | 11.15 | 11.44 | 11.02 | 11.75 | |
| Number of days of payables | days | 32.56 | 32.73 | 31.90 | 33.13 | 31.06 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.21
= 32.56
Emcor Group, Inc.'s number of days of payables has shown a relatively stable trend over the past five years. The company's ability to pay its suppliers within the payment term has been consistent, with the number of days of payables ranging between 31.06 days and 33.13 days. This indicates that Emcor Group, Inc. is effectively managing its accounts payable obligations. The slight fluctuations in the number of days of payables suggest that the company has maintained a balanced approach in managing its working capital and supplier relationships. Overall, Emcor Group, Inc.'s number of days of payables demonstrates a disciplined approach to managing its payables effectively over the years.
Peer comparison
Dec 31, 2023