Mueller Industries Inc (MLI)
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 | 21.59 | 18.96 | 17.97 | 16.52 | 24.02 | 19.01 | 15.51 | 14.17 | 17.34 | 16.40 | 14.21 | 12.98 | 14.48 | 18.76 | 21.79 | 23.42 | 25.74 | 21.76 | 21.46 | 21.19 | |
| Number of days of payables | days | 16.91 | 19.25 | 20.31 | 22.09 | 15.19 | 19.20 | 23.54 | 25.76 | 21.05 | 22.26 | 25.68 | 28.13 | 25.20 | 19.46 | 16.75 | 15.59 | 14.18 | 16.77 | 17.01 | 17.23 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.59
= 16.91
Mueller Industries Inc's number of days of payables has varied over the past few years. The number of days of payables measures how long, on average, the company takes to pay its suppliers.
The trend shows some fluctuations, with a general decrease in the number of days of payables from 2019 to 2023. A lower number of days of payables can indicate that the company is managing its cash flow efficiently and paying its suppliers promptly.
In the most recent period, as of December 31, 2023, Mueller Industries Inc's number of days of payables was 16.91 days. This suggests that the company takes approximately 16.91 days, on average, to pay its suppliers.
Overall, a decreasing trend in the number of days of payables can be a positive sign of effective supplier management and cash flow management. However, it is important to consider other factors and conduct a more thorough analysis to gain a comprehensive understanding of the company's financial performance and liquidity management.
Peer comparison
Dec 31, 2023