Generac Holdings Inc (GNRC)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.73 | 10.18 | 8.64 | 4.32 | 5.84 | |
| Number of days of payables | days | 47.20 | 35.87 | 42.27 | 84.42 | 62.51 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.73
= 47.20
Generac Holdings Inc's number of days of payables has shown fluctuations over the past five years. The trend indicates an upward trend from 62.51 days as of December 31, 2020, to 84.42 days as of December 31, 2021, implying the company took longer to pay its suppliers in 2021. However, there was a significant decrease in the number of days of payables to 42.27 days as of December 31, 2022, which suggests a more efficient payables management.
Subsequently, as of December 31, 2023, the number of days of payables decreased further to 35.87 days, indicating a continued improvement in managing payables effectively. However, there was a slight increase in the number of days of payables to 47.20 days as of December 31, 2024, which suggests a potential lengthening in the payment period to suppliers compared to the prior year.
Overall, the company's number of days of payables has demonstrated variability over the period under review, with a general trend of fluctuation and some periods of more efficient payables management. Further analysis and comparison with industry benchmarks could help provide additional insights into Generac Holdings Inc's payables management performance.
Peer comparison
Dec 31, 2024