Generac Holdings Inc (GNRC)
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 | 10.18 | 8.91 | 7.81 | 8.71 | 8.64 | 7.26 | 5.83 | 4.67 | 4.32 | 4.29 | 4.57 | 5.49 | 5.84 | 6.69 | 7.72 | 6.65 | 6.74 | 7.25 | 6.58 | 5.75 | |
| Number of days of payables | days | 35.87 | 40.97 | 46.76 | 41.91 | 42.27 | 50.28 | 62.57 | 78.08 | 84.42 | 85.12 | 79.93 | 66.48 | 62.51 | 54.55 | 47.25 | 54.90 | 54.14 | 50.35 | 55.43 | 63.47 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.18
= 35.87
Generac Holdings Inc's number of days of payables has displayed some fluctuations over the past eight quarters. In Q4 2023, the company took approximately 46.80 days to pay its suppliers, which was a decrease from the previous quarter. This suggests that Generac Holdings Inc may be managing its payables more efficiently in the most recent quarter.
Looking back over the last two years, there have been periods where the number of days of payables increased significantly, such as in Q1 and Q2 of 2022 when it took the company 95.47 days and 76.73 days respectively to pay its payables. These prolonged payment periods could indicate potential cash flow issues or liquidity constraints during those periods.
Conversely, in Q4 2022, the number of days of payables dropped to 53.51 days, showing a significant improvement in the company's payables management.
Overall, analyzing Generac Holdings Inc's number of days of payables provides insights into the company's working capital management, cash flow efficiency, and relationships with suppliers. It is essential for stakeholders to monitor these trends to assess the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2023
See also:
Generac Holdings Inc Average Payables Payment Period (Quarterly Data)