MarineMax Inc (HZO)
Number of days of payables
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 29.92 | 36.22 | 26.30 | 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 | |
| Number of days of payables | days | 12.20 | 10.08 | 13.88 | 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 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 29.92
= 12.20
The number of days of payables for MarineMax Inc has shown fluctuations over the past few quarters. As of September 30, 2024, the company took 12.20 days on average to pay its creditors. This indicates a moderate increase compared to the previous quarter (10.08 days). Looking further back, the trend has been somewhat volatile, with the number of days of payables ranging between 5.80 days and 16.78 days over the past two years.
A lower number of days of payables suggests that the company is paying its suppliers more quickly, which can be a positive sign of strong liquidity and good relationships with suppliers. Conversely, a higher number of days of payables may indicate either liquidity constraints or a deliberate strategy to manage cash flow by delaying payments to suppliers.
Analyzing this metric alongside other financial indicators can provide a more comprehensive understanding of the company's financial performance and management of working capital.
Peer comparison
Sep 30, 2024