Graco Inc (GGG)
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 | 14.33 | 13.96 | 13.24 | 13.57 | 12.90 | 10.79 | 11.97 | 11.20 | 12.16 | 10.52 | 11.65 | 12.49 | 13.64 | 13.93 | 15.65 | 12.01 | 14.53 | 14.23 | 12.63 | 11.53 | |
| Number of days of payables | days | 25.48 | 26.16 | 27.57 | 26.90 | 28.30 | 33.81 | 30.49 | 32.59 | 30.02 | 34.68 | 31.34 | 29.23 | 26.76 | 26.20 | 23.32 | 30.40 | 25.12 | 25.65 | 28.91 | 31.66 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.33
= 25.48
Graco Inc's number of days of payables has been varying over the past few quarters, indicating fluctuations in the company's payment practices to its suppliers. As of December 31, 2023, the number of days of payables was 25.48 days, showing a slight decrease from the previous quarter. This suggests that Graco Inc took approximately 25.48 days to pay its suppliers, which seems relatively efficient in managing its accounts payable.
Looking at the trend over the last few quarters, there appears to be some volatility in the number of days of payables, with values ranging between 23.32 days to 34.68 days. This variation might be attributed to changes in the company's working capital management strategies or changes in the industry environment.
Overall, a lower number of days of payables indicates that Graco Inc is managing its payables efficiently and potentially taking advantage of any available discounts for early payments. However, it is important for the company to strike a balance between optimizing cash flow and maintaining good relationships with suppliers.
Peer comparison
Dec 31, 2023