Mohawk Industries Inc (MHK)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.16 | 10.61 | 8.08 | 8.93 | 11.30 | |
| Number of days of payables | days | 32.71 | 34.40 | 45.19 | 40.89 | 32.29 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.16
= 32.71
The number of days of payables for Mohawk Industries, Inc. has fluctuated over the past five years. In 2023, the number of days of payables was 44.97 days, showing a slight improvement compared to the previous year when it was 45.41 days. This indicates that the company took slightly fewer days to pay its suppliers in 2023.
Looking further back, in 2021, the number of days of payables was 56.54 days, which was higher than in 2020 when it was 52.12 days. This suggests that Mohawk Industries took longer to pay its payables in 2021 compared to the previous year.
In 2019, the number of days of payables was 41.28 days, which was lower than in 2020, indicating that the company was more efficient in paying its suppliers in 2019.
Overall, the trend in the number of days of payables for Mohawk Industries, Inc. suggests some variability over the years, with fluctuations in the company's payment practices to its suppliers.
Peer comparison
Dec 31, 2023