Matthews International Corporation (MATW)
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 | 11.68 | 11.14 | 12.17 | 13.46 | 11.40 | 11.51 | 10.63 | 12.28 | 10.22 | 11.86 | 10.60 | 10.49 | 10.02 | 10.74 | 11.63 | 13.72 | 12.07 | 13.05 | 11.06 | 15.87 | |
| Number of days of payables | days | 31.24 | 32.76 | 30.00 | 27.11 | 32.02 | 31.72 | 34.35 | 29.73 | 35.72 | 30.78 | 34.42 | 34.80 | 36.44 | 33.98 | 31.39 | 26.60 | 30.25 | 27.96 | 33.01 | 23.00 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.68
= 31.24
The number of days of payables for Matthews International Corporation has fluctuated over the past few quarters. As of September 30, 2024, the company takes an average of 31.24 days to pay its payables. This indicates that the company generally takes around a month to settle its outstanding obligations to suppliers and vendors.
Looking at the trend in the number of days of payables, there was a slight increase from the previous quarter, indicating a potential slowdown in the company's payment cycles. However, the current level is still relatively in line with historical averages, suggesting that the company's payables management practices have been relatively consistent.
Analyzing the data over multiple quarters, variations in the number of days of payables show that Matthews International Corporation has been able to effectively manage its payment terms with suppliers. The variability in the metric suggests that the company may adjust its payment cycles based on business conditions and cash flow requirements.
Overall, a closer examination of the number of days of payables provides insights into the company's working capital management and relationships with its stakeholders.