Masco Corporation (MAS)
Number of days of payables
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.23 | 7.50 | 7.06 | 7.29 | 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 | |
| Number of days of payables | days | 44.33 | 48.65 | 51.67 | 50.04 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.23
= 44.33
The number of days of payables for Masco Corporation has shown some fluctuations over the provided time period. The trend indicates that the number of days it takes for Masco to pay its suppliers decreased from 48.06 days on March 31, 2020, to 43.06 days on December 31, 2022. This suggests that Masco may have improved its efficiency in paying off its payables during this period.
However, from December 31, 2022, to June 30, 2024, there was a gradual increase in the number of days of payables, reaching a peak of 51.67 days on June 30, 2024. This could potentially indicate that Masco is taking longer to settle its payables, which may have implications for its working capital management and relationships with its suppliers.
It is important for Masco Corporation to closely monitor its payables turnover and manage its payment terms effectively to ensure a balance between maintaining good relationships with suppliers and optimizing its cash flow. Further analysis of the reasons behind these changes in the number of days of payables, such as changes in purchasing habits, negotiation of payment terms, or changes in inventory levels, could provide more insights into Masco's financial management strategy.
Peer comparison
Dec 31, 2024