Mueller Industries Inc (MLI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 22.02 | 24.02 | 17.35 | 14.48 | 25.74 | |
| Number of days of payables | days | 16.57 | 15.19 | 21.03 | 25.20 | 14.18 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.02
= 16.57
Mueller Industries Inc's number of days of payables has shown some fluctuations over the past five years. In 2023, the company had 16.57 days of payables, slightly higher than the previous year at 15.19 days. This indicates that the company takes approximately 16.57 days to pay off its trade payables on average.
Comparing to 2021 and 2020, there was a notable decrease in the number of days of payables, suggesting that the company improved its efficiency in managing its payables during those years. However, in 2019, the number of days of payables was at a low of 14.18 days, indicating that the company was able to pay off its obligations even quicker during that year.
Overall, the trend in Mueller Industries Inc's number of days of payables indicates that the company has been managing its trade payables effectively over the years, with some fluctuations in efficiency. Further analysis of the company's payables management strategy and payment terms with suppliers may provide additional insights into these fluctuations.
Peer comparison
Dec 31, 2023