EMCOR Group Inc (EME)
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 | 11.21 | 12.34 | 12.55 | 13.38 | 11.15 | 12.27 | 12.37 | 12.06 | 11.44 | 12.64 | 12.21 | 11.84 | 11.02 | 12.65 | 13.60 | 13.39 | 11.75 | 13.12 | 12.87 | 12.36 | |
| Number of days of payables | days | 32.56 | 29.59 | 29.08 | 27.28 | 32.73 | 29.75 | 29.51 | 30.27 | 31.90 | 28.88 | 29.90 | 30.83 | 33.13 | 28.84 | 26.85 | 27.26 | 31.06 | 27.82 | 28.36 | 29.53 |
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 consistent trend over the past eight quarters. In Q4 2023, the number of days of payables was 32.56 days, slightly higher compared to the previous quarter at 29.59 days. This indicates that the company took longer to pay its suppliers in Q4 2023.
Looking further back, the number of days of payables has generally ranged between 27 to 33 days over the previous quarters. This suggests that Emcor Group, Inc. typically takes around a month to slightly over a month to settle its payables.
Overall, a higher number of days of payables may indicate that the company is taking longer to pay off its suppliers, which could imply a more relaxed cash flow management strategy or potentially strained relationships with vendors. Investors and creditors may closely monitor this metric to assess the company's efficiency in managing its working capital and its financial health.
Peer comparison
Dec 31, 2023