Exponent Inc (EXPO)
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 | 78.69 | — | — | — | 34.13 | — | — | — | 93.90 | — | — | — | 82.28 | — | — | — | 60.19 | — | — | — | |
| Number of days of payables | days | 4.64 | — | — | — | 10.69 | — | — | — | 3.89 | — | — | — | 4.44 | — | — | — | 6.06 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 78.69
= 4.64
Exponent Inc's number of days of payables has shown fluctuations over the past few periods. As of December 31, 2023, the company has a low number of days of payables at 4.64 days, indicating that it takes approximately 4.64 days for Exponent Inc to pay its outstanding invoices. This represents an improvement compared to the previous quarter where the number of days of payables was higher at 10.69 days as of September 30, 2022.
It is important to note that for several periods, including June 30, 2023, March 31, 2023, and previous quarters, the specific data for the number of days of payables is not available. This lack of data makes it challenging to analyze the trend consistently over those periods.
Furthermore, comparing the number of days of payables to the company's industry peers or historical performance can provide additional insights into Exponent Inc's payment practices and efficiency in managing its payables. Tracking this ratio over time can help identify any significant changes or trends in the company's payment behavior.
Peer comparison
Dec 31, 2023