Installed Building Products Inc (IBP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.29 | 15.76 | 13.52 | 14.89 | 14.25 | |
| Number of days of payables | days | 23.87 | 23.15 | 26.99 | 24.51 | 25.62 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.29
= 23.87
Installed Building Products Inc's number of days of payables has fluctuated over the past five years. In 2023, the company took approximately 31.33 days to pay its trade payables, showing a slight increase from the previous year. This indicates that the company is managing its trade payables more efficiently compared to the prior year. In 2021, the number of days to pay was higher at 35.12 days, reflecting a slower payment cycle. However, in 2020 and 2019, the number of days of payables was lower at 32.39 days and 33.51 days, respectively, indicating a more efficient payment cycle during those years.
Overall, the trend in the number of days of payables suggests that Installed Building Products Inc has been effective in managing its trade payables and maintaining a balance between timely payments and managing its cash flow.
Peer comparison
Dec 31, 2023