Comfort Systems USA Inc (FIX)

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		10.04	9.17	9.75	10.34	10.07	9.67	10.04	10.09	9.85	10.03	10.91	12.32	11.31	13.23	11.54	12.27	10.77	11.30	11.50	13.17
Number of days of payables	days	36.36	39.81	37.45	35.29	36.23	37.73	36.35	36.18	37.04	36.40	33.47	29.63	32.26	27.59	31.63	29.76	33.89	32.29	31.74	27.72

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.04
= 36.36

Comfort Systems USA, Inc.'s number of days of payables has shown fluctuation over the past eight quarters. The trend indicates that the company takes, on average, around 36 to 39 days to pay its suppliers. In Q3 2023, the number of days of payables was at its highest point at 39.81 days, showing a slight increase from the previous quarter. However, it decreased in Q4 2023 to 36.36 days, which was closer to the levels seen in Q4 2022 and Q1 2023. Overall, the company's management of payables appears relatively stable, with slight variations within a reasonable range across the quarters analyzed.

Peer comparison

Dec 31, 2023

Company name

Symbol

Number of days of payables

Comfort Systems USA Inc

FIX

36.36