Eagle Materials Inc (EXP)

Number of days of payables

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 Sep 30, 2019 Jun 30, 2019
Payables turnover 13.50 14.34 14.55 13.98 14.81 15.10 13.90 14.01 12.83 13.96 13.42 13.78 15.77 18.54 18.97 18.33 17.45 25.48 18.27 16.55
Number of days of payables days 27.04 25.45 25.09 26.12 24.65 24.17 26.25 26.04 28.46 26.15 27.20 26.49 23.15 19.69 19.24 19.92 20.92 14.32 19.98 22.05

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.50
= 27.04

The number of days of payables for Eagle Materials Inc has shown a fluctuating trend over the past few quarters. The company's payment cycle has ranged from a low of 14.32 days to a high of 28.46 days over the last two years. Generally, a lower number of days of payables indicates that the company is taking longer to pay its suppliers, which could strain its relationships with vendors. Conversely, a higher number of days of payables could suggest that the company is managing its cash flow more effectively by delaying payments.

Looking at the most recent data point, as of March 31, 2024, the number of days of payables stood at 27.04 days, which is on the higher end of the range observed in recent quarters. This could indicate that Eagle Materials Inc is taking longer to settle its obligations to suppliers compared to the previous quarter. It would be important to monitor this metric in future periods to see if this trend continues and to assess the potential impact on the company's liquidity and vendor relationships.