The Mosaic Company (MOS)
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 | 10.38 | 11.81 | 11.17 | 14.08 | 10.84 | 10.94 | 7.84 | 12.17 | 7.67 | 8.65 | 9.17 | 8.71 | 6.39 | 4.67 | 1.73 | 1.70 | 1.50 | 0.50 | 0.47 | 0.48 | |
| Number of days of payables | days | 35.17 | 30.89 | 32.67 | 25.93 | 33.68 | 33.37 | 46.55 | 30.00 | 47.57 | 42.19 | 39.79 | 41.90 | 57.08 | 78.09 | 211.01 | 214.81 | 243.05 | 727.44 | 781.00 | 765.25 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.38
= 35.17
Mosaic Company's number of days of payables has seen fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 49.79 days, showing a slight decrease from the previous quarter. This suggests that the company may be managing its payables more efficiently. However, it is important to note that the number of days of payables in Q4 2023 is still higher compared to the same quarter in the previous year.
Over the past two years, there have been varying trends in the number of days of payables, with some quarters showing higher values than others. The highest number of days of payables was recorded in Q2 2022 at 74.04 days, indicating a longer payment cycle during that period. This was followed by a notable decrease in Q3 2022, suggesting potential efforts to improve payables management.
Overall, a downward trend in the number of days of payables can indicate more efficient management of trade credit and potentially better cash flow management. However, it is essential to monitor this ratio consistently to ensure that the company maintains a healthy balance in its payables management strategy.
Peer comparison
Dec 31, 2023
See also:
The Mosaic Company Average Payables Payment Period (Quarterly Data)