Insteel Industries Inc (IIIN)
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 | 13.60 | 15.28 | 21.53 | 24.03 | 17.69 | 16.60 | 17.76 | 21.88 | 11.06 | 6.26 | 7.57 | 7.90 | 5.67 | 4.44 | 5.45 | 11.16 | 11.58 | 9.14 | 11.62 | 14.06 | |
| Number of days of payables | days | 26.83 | 23.89 | 16.95 | 15.19 | 20.64 | 21.99 | 20.55 | 16.68 | 33.00 | 58.32 | 48.22 | 46.19 | 64.42 | 82.19 | 66.91 | 32.71 | 31.53 | 39.93 | 31.41 | 25.97 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.60
= 26.83
The number of days of payables for Insteel Industries Inc has exhibited variability over the past few quarters. As of September 30, 2024, the company took approximately 26.83 days to pay its suppliers, showing a slight increase compared to the previous quarter but remaining within a reasonable range. Looking back over the past few quarters, the trend has been relatively stable, with some fluctuations noted.
On average, the company's number of days of payables seems to be well-managed, with the most recent figure falling in line with historical levels. However, it is essential to monitor any significant deviations from the norm, as prolonged delays in paying suppliers could potentially strain the company's relationships and impact its liquidity position. Further analysis and comparison with industry benchmarks may provide additional insights into Insteel Industries Inc's payment practices and financial health.
Peer comparison
Sep 30, 2024