Mercer International Inc (MERC)
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 | 29.54 | 27.30 | 21.73 | 20.07 | 19.43 | 17.74 | 22.02 | 20.42 | 22.87 | 20.55 | 15.59 | 18.78 | 24.08 | 17.82 | 21.07 | 15.82 | 10.44 | 9.02 | 3.43 | 3.28 | |
| Number of days of payables | days | 12.36 | 13.37 | 16.79 | 18.19 | 18.78 | 20.58 | 16.57 | 17.88 | 15.96 | 17.76 | 23.41 | 19.44 | 15.16 | 20.48 | 17.32 | 23.07 | 34.97 | 40.45 | 106.34 | 111.32 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 29.54
= 12.36
Based on the data provided, Mercer International Inc.'s number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 18.83 days, which was an increase from the previous quarter. This indicates that the company took longer to pay its vendors and suppliers compared to Q3 2023 when it was 14.28 days.
Looking at a broader trend, the number of days of payables has ranged between 14.28 days and 26.64 days over the past two years. There was a peak in Q4 2022 at 26.64 days, which decreased gradually in the following quarters. However, Q2 and Q3 of 2023 saw a slight increase in the number of days of payables, reaching 22.73 days and 23.56 days, respectively.
Overall, Mercer International Inc.'s number of days of payables seems to indicate some variability in the company's payment practices. It is crucial for the company to closely monitor and manage its payables to maintain good relationships with its suppliers and optimize its working capital efficiency.