MarineMax Inc (HZO)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 21.75 | 43.75 | 54.54 | 29.75 | 27.15 | |
| Number of days of payables | days | 16.78 | 8.34 | 6.69 | 12.27 | 13.44 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.75
= 16.78
To analyze Marinemax, Inc.'s number of days of payables, we will calculate the average number of days of payables for the past five years. The formula for calculating the average number of days of payables is:
Average Number of Days of Payables = (Number of Days of Payables 2023 + Number of Days of Payables 2022 + Number of Days of Payables 2021 + Number of Days of Payables 2020 + Number of Days of Payables 2019) / 5
Calculation:
Average Number of Days of Payables = (16.78 days + 8.34 days + 6.69 days + 12.27 days + 13.44 days) / 5 = 11.504 days
The average number of days of payables for Marinemax, Inc. over the past five years is approximately 11.504 days. This indicates that, on average, the company takes around 11.504 days to pay its suppliers and vendors. A lower number of days of payables suggests that the company is paying its suppliers more quickly, while a higher number of days of payables may indicate that the company is taking longer to pay its bills, potentially benefiting from favorable credit terms or experiencing cash flow challenges. It is advisable to compare this figure with industry benchmarks to assess the company's efficiency in managing its payables.
Peer comparison
Sep 30, 2023