Granite Construction Incorporated (GVA)
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 | 8.58 | 6.92 | 8.47 | 10.62 | 9.24 | 6.40 | 7.91 | 9.87 | 9.10 | 9.41 | 11.52 | 14.18 | 11.92 | 9.60 | 10.09 | 11.59 | 8.90 | 8.87 | 11.46 | 15.57 | |
| Number of days of payables | days | 42.55 | 52.76 | 43.10 | 34.37 | 39.52 | 57.06 | 46.13 | 36.99 | 40.13 | 38.77 | 31.70 | 25.75 | 30.62 | 38.03 | 36.17 | 31.48 | 41.01 | 41.13 | 31.84 | 23.44 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.58
= 42.55
Granite Construction Inc.'s number of days of payables has fluctuated over the past eight quarters. In Q4 2023, the company took approximately 47.88 days to settle its payables, showing an improvement compared to the previous quarter. This suggests that the company is managing its payables more efficiently during this period.
However, when compared to the same quarter of the previous year (Q4 2022), where the number of days of payables was 41.63 days, there is a slight increase in the time taken to settle payables.
The highest number of days of payables observed in the data provided was in Q3 2022, with 60.94 days, indicating that the company took longer to pay its obligations during that period. On the other hand, the lowest number of days of payables was in Q1 2022, with 36.37 days, showcasing a more efficient management of payables in that particular quarter.
Overall, Granite Construction Inc.'s number of days of payables has shown some variability, but monitoring this trend over time can provide insights into the company's liquidity management and payment practices.
Peer comparison
Dec 31, 2023