LCI Industries (LCII)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 16.38 | 27.41 | 12.15 | 11.30 | 18.46 | |
| Number of days of payables | days | 22.29 | 13.32 | 30.03 | 32.30 | 19.77 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.38
= 22.29
The number of days of payables for LCI Industries has fluctuated over the past five years. In 2023, the company took an average of 22.29 days to pay its suppliers, which increased from 13.32 days in 2022. This indicates that the company took longer to settle its payables in 2023 compared to the previous year.
Looking back further, in 2021 and 2020, LCI Industries took 30.03 days and 32.30 days, respectively, to pay its suppliers. This suggests a slight improvement in payables management in 2023 compared to these two years.
In 2019, the company took 19.77 days on average to settle its payables. Comparing this to the latest data from 2023, it shows a slight increase in the number of days taken to pay suppliers.
Overall, the trend in the number of days of payables for LCI Industries indicates variability in the company's payment practices over the years, with some fluctuations observed. It is essential to monitor this ratio closely as it can reflect the company's liquidity position and its relationship with suppliers.
Peer comparison
Dec 31, 2023