MSA Safety (MSA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.36 | 7.59 | 7.35 | 8.67 | 8.57 | |
| Number of days of payables | days | 43.65 | 48.09 | 49.66 | 42.12 | 42.61 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.36
= 43.65
The number of days of payables for MSA Safety Inc has shown some fluctuation over the past five years. In 2023, the company took, on average, approximately 43.65 days to pay its suppliers, which is lower than the previous year's measure of 48.09 days. This decrease suggests that the company may have improved its efficiency in managing its payables compared to the prior year.
Furthermore, the 2023 figure of 43.65 days is lower than the average number of days of payables over the five-year period, indicating that the company has been more efficient in managing its payables in the most recent year. However, it is essential to compare this metric to industry benchmarks to assess MSA Safety Inc's performance relative to its peers.
Overall, the downward trend in the number of days of payables for MSA Safety Inc indicates that the company may be effective in managing its supplier payments and potentially strengthening its relationships with suppliers by ensuring timely payments. This could also positively impact the company's working capital management and cash flow.
Peer comparison
Dec 31, 2023