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

Company name
Symbol
Number of days of payables
Masco Corporation
MAS
46.36
Sunrun Inc
RUN
34.81