Masco Corporation (MAS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.87 | 8.48 | 6.75 | 6.63 | 8.09 | |
| Number of days of payables | days | 46.36 | 43.06 | 54.11 | 55.06 | 45.09 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.87
= 46.36
Masco Corp.'s number of days of payables has fluctuated over the past five years. In 2023, the company took approximately 59.75 days to pay its suppliers, which is an increase from the previous year's figure of 53.65 days. This suggests that Masco Corp. may be taking slightly longer to settle its payables in 2023 compared to 2022.
Looking further back, in 2021, the number of days of payables was 69.20 days, indicating a significant decrease in the payment period compared to 2020, where it was 70.84 days. This improvement suggests that the company may have implemented more efficient payment processes or negotiated better payment terms with its suppliers in 2021.
In 2019, Masco Corp. had 58.67 days of payables, which is relatively consistent with the 2023 figure. It is important to note that a lower number of days of payables generally indicates that a company is paying its suppliers more quickly, while a higher number indicates a longer payment period.
Overall, Masco Corp.'s trend in the number of days of payables shows some variability over the years, with fluctuations observed in its payment practices. This metric can provide insights into the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023