Mesa Laboratories Inc (MLAB)

Number of days of payables

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Payables turnover		13.73	13.92	9.53	10.49	15.35
Number of days of payables	days	26.59	26.22	38.31	34.79	23.77

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.73
= 26.59

Mesa Laboratories Inc's number of days of payables has shown a fluctuating trend over the past five years. As of March 31, 2024, the company takes approximately 26.59 days to pay its accounts payable, which is slightly higher compared to the previous year. This indicates that the company is able to manage its payables efficiently, with a relatively consistent payment timeline.

In comparison to the preceding years, Mesa Laboratories Inc's number of days of payables has been relatively stable, except for a notable increase in the year ending March 31, 2022. During that period, the company took approximately 38.31 days to settle its payables, which suggests a potential delay in payment processing or a change in vendor payment terms.

The significant decrease in the number of days of payables in the year ending March 31, 2020, to 23.77 days might indicate an improvement in the company's working capital management or a more proactive approach to managing its payables.

Overall, Mesa Laboratories Inc's number of days of payables provides insights into the company's liquidity position and its ability to effectively manage its short-term obligations, which are crucial aspects of its financial health and operational efficiency.