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.