Liquidity Services Inc (LQDT)
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 | 4.58 | 5.98 | 4.82 | 6.97 | 5.72 | 4.93 | 4.90 | 6.30 | 4.64 | 4.03 | 4.61 | 5.74 | 4.32 | 4.21 | 4.28 | 6.32 | 7.40 | 5.82 | 9.23 | 15.50 | |
| Number of days of payables | days | 79.63 | 61.08 | 75.73 | 52.37 | 63.79 | 74.07 | 74.49 | 57.96 | 78.64 | 90.67 | 79.24 | 63.62 | 84.46 | 86.70 | 85.30 | 57.74 | 49.32 | 62.67 | 39.54 | 23.55 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.58
= 79.63
The number of days of payables for Liquidity Services Inc has shown some fluctuations over the past few quarters. The number of days of payables indicates the average number of days a company takes to pay its suppliers.
In the latest quarter ending September 30, 2024, the number of days of payables was 79.63 days, which was higher compared to the previous quarter. This could suggest that the company took longer to pay its suppliers during this period.
Looking at the trend over the past few quarters, there were significant variations in the number of days of payables. For instance, in March 2020, the number of days of payables was 39.54 days, which then increased to 62.67 days by June 2020 before declining to 49.32 days by September 2020.
Overall, the trend indicates some variability in the company's payment cycle, with fluctuations in the average number of days taken to settle payables to suppliers. Further analysis and comparison with industry benchmarks could provide additional insights into the company's liquidity management and vendor relationships.
Peer comparison
Sep 30, 2024