Masco Corporation (MAS)
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 | 7.87 | 8.02 | 7.34 | 7.94 | 8.48 | 7.18 | 6.64 | 6.55 | 6.75 | 6.51 | 6.35 | 6.67 | 6.63 | 5.48 | 6.14 | 7.59 | 8.59 | 7.92 | 6.97 | 7.54 | |
| Number of days of payables | days | 46.36 | 45.48 | 49.74 | 45.96 | 43.06 | 50.81 | 54.94 | 55.76 | 54.11 | 56.11 | 57.46 | 54.73 | 55.06 | 66.60 | 59.48 | 48.06 | 42.51 | 46.08 | 52.35 | 48.44 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.87
= 46.36
The number of days of payables for Masco Corp. has fluctuated over the past eight quarters, ranging from a low of 53.65 days in Q4 2022 to a high of 70.85 days in Q1 2022. In Q4 2023, the number of days of payables stood at 59.75 days, showing a slight increase from the previous quarter.
A lower number of days of payables indicates that the company is taking less time to pay its suppliers, which can be a positive sign of efficient working capital management. Conversely, a higher number of days of payables may suggest that the company is taking longer to settle its obligations, potentially signaling liquidity issues or strained relationships with suppliers.
Overall, Masco Corp.'s number of days of payables should be monitored alongside other financial metrics to assess the company's liquidity, cash flow management, and supplier relationships effectively.
Peer comparison
Dec 31, 2023