Leggett & Platt Incorporated (LEG)
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 | 8.83 | 7.92 | 8.31 | 7.54 | 8.15 | 8.42 | 7.17 | 6.83 | 6.67 | 6.49 | 6.23 | 6.53 | 6.20 | 6.85 | 9.44 | 8.54 | 8.12 | 7.55 | 7.73 | 8.11 | |
| Number of days of payables | days | 41.34 | 46.07 | 43.91 | 48.42 | 44.76 | 43.36 | 50.91 | 53.42 | 54.70 | 56.25 | 58.59 | 55.89 | 58.85 | 53.28 | 38.66 | 42.73 | 44.96 | 48.31 | 47.24 | 45.02 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.83
= 41.34
To analyze Leggett & Platt, Inc.'s number of days of payables, we observe a trend over the past eight quarters. The number of days of payables fluctuated during this period. In the most recent quarter of Q4 2023, the number of days of payables was 50.55 days, slightly higher compared to the previous quarter's 49.46 days in Q3 2023. This indicates an increase in the amount of time it takes for the company to pay its suppliers.
Looking further back, we see that the number of days of payables has generally been between 45 to 55 days over the past two years. The highest number of days of payables was seen in Q2 2022 at 54.24 days, while the lowest was in Q4 2022 at 43.99 days.
Analyzing the data suggests that Leggett & Platt, Inc. has been managing its payables cycle within a relatively stable range, with occasional fluctuations. The increase in days of payables in Q4 2023 may indicate a shift in the company's payment behavior or supplier relationships, which may warrant further investigation. Overall, monitoring the trend in days of payables can provide valuable insights into the company's working capital management and financial health.
Peer comparison
Dec 31, 2023