Insteel Industries Inc (IIIN)

To analyze Insteel Industries, Inc.'s number of days of payables, we can observe a trend in the payment period for the company's accounts payable. The number of days of payables measures the average number of days it takes for Insteel Industries to pay its suppliers for goods and services.

From the data provided, it is evident that there has been a fluctuation in the number of days of payables over the past five years. In 2023, the company reported a decrease in the number of days of payables to 21.47 days, indicating that it took less time to settle its accounts payable compared to the previous year.

However, in 2022 and 2021, the number of days of payables increased to 27.13 days and 38.47 days, respectively. This suggests that Insteel Industries took longer to pay its suppliers during these periods, which may indicate changes in payment terms or working capital management.

In 2020, there was a slight decrease to 34.12 days compared to 2021, but still higher than the current year's figure. This increase may be attributed to various factors such as changes in purchasing patterns, negotiations with suppliers, or fluctuations in the company's cash flow.

In 2019, the number of days of payables was relatively low at 18.52 days, indicating that the company was able to settle its accounts payable more quickly during that period.

Overall, the trend in Insteel Industries, Inc.'s number of days of payables reflects fluctuations in its payment practices and working capital management over the past five years, highlighting the importance of monitoring the company's ability to manage its accounts payable efficiently.

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Sep 30, 2023