Mesa Laboratories Inc (MLAB)

Number of days of payables

		Mar 31, 2024	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
Payables turnover		13.73	18.22	17.55	15.34	13.92	10.02	8.73	7.66	6.52	8.27	11.69	12.37	10.49	13.10	28.33	18.44	15.37	12.64	17.95	13.52
Number of days of payables	days	26.59	20.03	20.79	23.79	26.22	36.43	41.82	47.65	55.99	44.15	31.23	29.51	34.79	27.86	12.88	19.80	23.74	28.87	20.34	27.00

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 fluctuated over the past few quarters, indicating varying levels of efficiency in managing its accounts payable. The trend shows a peak of 55.99 days on Mar 31, 2022, and a low of 12.88 days on Sep 30, 2020. Generally, a lower number of days of payables suggests that the company is taking less time to pay its suppliers, possibly indicating strong liquidity or bargaining power. Conversely, a higher number of days of payables may signal liquidity issues or difficulties in meeting payment obligations.

It is essential to monitor this metric closely to assess Mesa Laboratories Inc's financial health and sustainability. Further analysis, in conjunction with other financial ratios and industry benchmarks, would provide a more comprehensive view of the company's working capital management and overall operational efficiency.