MDU Resources Group Inc (MDU)
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 | 6.95 | 9.28 | 11.66 | 9.51 | 9.53 | 10.55 | 11.26 | 9.34 | 8.57 | 7.79 | 9.48 | 10.67 | 9.52 | 9.27 | 9.34 | 10.51 | 9.72 | 10.03 | 10.05 | 9.76 | |
| Number of days of payables | days | 52.55 | 39.33 | 31.31 | 38.38 | 38.31 | 34.59 | 32.42 | 39.08 | 42.59 | 46.87 | 38.48 | 34.20 | 38.33 | 39.36 | 39.08 | 34.73 | 37.57 | 36.39 | 36.31 | 37.40 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.95
= 52.55
MDU Resources Group Inc's number of days of payables has fluctuated over the past eight quarters. In Q4 2023, the company had 203.86 days of payables, showing an increase compared to the previous two quarters. This indicates that the company takes about 203.86 days on average to pay its suppliers or trade payables. The number of days of payables has decreased since the peak in Q3 and Q2 of 2022, suggesting a potential improvement in the company's efficiency in managing its payables. However, the current level is still higher than in Q1 and Q4 of 2022. Overall, MDU Resources Group Inc's number of days of payables shows some variability, and it would be important to monitor this metric along with other financial indicators for a more comprehensive assessment of the company's financial health.
Peer comparison
Dec 31, 2023