Comfort Systems USA Inc (FIX)

The number of days of payables for Comfort Systems USA, Inc. has shown some fluctuation over the past five years. It increased from 32.26 days in 2020 to 37.04 days in 2021 but then decreased to 36.23 days in 2022. In the most recent period, as of December 31, 2023, the number of days of payables stood at 36.36 days.

This ratio indicates the average number of days it takes for the company to pay its outstanding accounts payable. A higher number of days of payables suggests that the company is taking longer to pay its suppliers, which may be beneficial for cash flow management. Conversely, a lower number of days of payables may indicate efficient working capital management but could also signal potential liquidity issues or strained supplier relationships.

In the case of Comfort Systems USA, Inc., the number of days of payables has remained relatively stable over the years, hovering around the mid-30s range. This suggests that the company has been maintaining a consistent approach to managing its accounts payable and supplier relationships. Further analysis and comparison with industry benchmarks would provide additional insights into the company's financial health and operational efficiency related to its payables management.

Peer comparison

Dec 31, 2023