Mohawk Industries Inc (MHK)
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 | 10.62 | 10.36 | 9.37 | — | 10.59 | — | — | — | 8.07 | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | 34.35 | 35.22 | 38.95 | — | 34.46 | — | — | — | 45.21 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.62
= 34.35
The number of days of payables for Mohawk Industries, Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the number of days of payables was 44.97 days, which decreased compared to the previous quarter. This suggests that Mohawk Industries, Inc. took fewer days to pay its trade payables in Q4 2023.
Compared to Q1 2022, when the number of days of payables was 57.22 days, there has been an improvement in managing payables efficiently by Q4 2023. The trend over the past quarters indicates that Mohawk Industries, Inc. has been successful in reducing the number of days of payables, indicating a potential improvement in working capital management.
However, it is important for the company to maintain a balance in managing payables to ensure good relationships with suppliers while optimizing cash flow. Monitoring this ratio over time can provide valuable insights into the company's liquidity and efficiency in managing its payables.
Peer comparison
Dec 31, 2023