Callaway Golf Company (MODG)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 22.53 | 8.93 | 9.40 | 8.38 | 8.54 | 10.83 | 8.54 | 4.72 | 6.60 | 6.61 | 5.81 | 5.79 | 6.33 | 8.68 | 11.47 | 10.90 | 26.22 | — | — | — | |
| Number of days of payables | days | 16.20 | 40.87 | 38.82 | 43.57 | 42.74 | 33.72 | 42.73 | 77.30 | 55.27 | 55.19 | 62.78 | 63.06 | 57.70 | 42.03 | 31.83 | 33.50 | 13.92 | — | — | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.53
= 16.20
The number of days of payables for Callaway Golf Company has varied over the analyzed periods. From December 31, 2020, to March 31, 2024, the number of days of payables ranged from a low of 13.92 days to a peak of 77.30 days.
In general, a higher number of days of payables indicates that the company is taking longer to pay its suppliers, which can sometimes be a sign of financial strength or negotiating power. However, excessively high days of payables may also signal potential liquidity issues or strained relationships with suppliers.
It is important for investors and analysts to monitor these trends carefully to understand how efficiently the company is managing its accounts payable and its relationships with suppliers. Fluctuations in the number of days of payables can provide insights into the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024