MGP Ingredients Inc (MGPI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Based on the provided data, the number of days of payables for MGP Ingredients Inc is indicated as "— days" for the years 2020, 2021, 2022, 2023, and 2024. This suggests that specific information regarding the number of days the company takes to pay its suppliers or creditors is not available or not disclosed in the available data.
Analysis of the payables turnover ratio, which indicates how efficiently a company is managing its payables, is not feasible without the actual number of days of payables. A lower number of days of payables typically signifies that the company is taking longer to pay its suppliers, potentially indicating liquidity issues or strained relations with suppliers. Conversely, a higher number of days of payables can indicate that the company is effectively utilizing trade credit and managing its cash flow efficiently.
Without specific data on the number of days of payables for MGP Ingredients Inc, a more comprehensive analysis of the company's payables management and liquidity position cannot be provided. It may be beneficial for stakeholders and investors to seek additional information or clarification regarding the company's payables management practices and financial performance.