MarineMax Inc (HZO)
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 | 36.17 | 21.75 | 31.96 | 33.24 | 35.00 | 43.75 | 25.65 | 38.56 | 52.17 | 54.54 | 48.65 | 56.34 | 52.50 | 29.75 | 26.61 | 62.94 | 52.87 | 27.15 | 29.21 | 78.10 | |
| Number of days of payables | days | 10.09 | 16.78 | 11.42 | 10.98 | 10.43 | 8.34 | 14.23 | 9.47 | 7.00 | 6.69 | 7.50 | 6.48 | 6.95 | 12.27 | 13.72 | 5.80 | 6.90 | 13.44 | 12.49 | 4.67 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 36.17
= 10.09
Marinemax, Inc.'s number of days of payables measures how long, on average, it takes the company to pay its suppliers and creditors. The trend in the number of days of payables can provide insights into the company's liquidity and efficiency in managing its trade credit terms.
From the data provided, Marinemax, Inc.'s number of days of payables has fluctuated over the past eight quarters, ranging from 8.34 days to 16.78 days. In the most recent quarter, ending on December 31, 2023, the number of days of payables was 10.09 days, indicating that the company took approximately 10 days to settle its payables. This was a decrease from the previous quarter's 16.78 days, suggesting improved efficiency in managing its payables.
The lower number of days of payables may indicate that Marinemax, Inc. has been able to negotiate more favorable payment terms with its suppliers, leading to quicker settlement of its obligations. However, a substantial decrease in the number of days of payables would also warrant careful analysis, as it could potentially signal difficulties in meeting payment obligations or strained relationships with suppliers.
Overall, the trend in Marinemax, Inc.'s number of days of payables should be considered alongside other financial ratios and metrics to gain a comprehensive understanding of the company's liquidity, working capital management, and relationships with suppliers.
Peer comparison
Dec 31, 2023