Installed Building Products Inc (IBP)
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 | 15.26 | 16.70 | 17.52 | 17.83 | 15.77 | 14.32 | 13.30 | 12.71 | 13.51 | 14.36 | 15.13 | 14.92 | 14.89 | 16.90 | 17.85 | 15.92 | 14.19 | 13.59 | 13.77 | 14.50 | |
| Number of days of payables | days | 23.92 | 21.86 | 20.84 | 20.47 | 23.15 | 25.49 | 27.45 | 28.72 | 27.02 | 25.42 | 24.13 | 24.46 | 24.51 | 21.59 | 20.44 | 22.93 | 25.73 | 26.85 | 26.50 | 25.18 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.26
= 23.92
The number of days of payables for Installed Building Products Inc has been showing a decreasing trend over the past year, indicating that the company is taking fewer days to pay its suppliers. In Q4 2023, the number of days of payables was 31.33 days, compared to 28.45 days in Q3 2023, 26.86 days in Q2 2023, and 26.24 days in Q1 2023. This improvement suggests that the company is managing its payables more efficiently, possibly benefiting from better negotiation terms with its suppliers or enhancing its working capital management practices. Comparing to the same quarter in the previous year, where the number of days of payables was higher, at 29.56 days in Q4 2022, and even higher in the earlier quarters of 2022, it is evident that Installed Building Products Inc has been focusing on optimizing its payables turnover cycle. This trend may positively impact the company's liquidity position and overall financial health by potentially freeing up cash for other operational needs or investment opportunities.
Peer comparison
Dec 31, 2023