MSA Safety (MSA)

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		12.09	12.35	12.17	11.89	10.87	11.47	10.67	10.87	10.85	11.27	10.43	9.07	8.67	9.21	7.84	8.68	8.59	10.84	10.19	9.85
Number of days of payables	days	30.20	29.57	29.99	30.69	33.58	31.81	34.20	33.57	33.65	32.39	35.01	40.25	42.12	39.61	46.53	42.05	42.50	33.67	35.81	37.06

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.09
= 30.20

The number of days of payables for MSA Safety Inc has shown consistency over the past eight quarters. The average number of days of payables ranged from around 42 to 49 days, indicating that the company typically takes approximately 1.5 to 2 months to pay its creditors. This stable trend suggests that MSA Safety Inc has an effective working capital management strategy in place. By maintaining a moderate level of days of payables, the company may be balancing its cash flow needs with its relationships with suppliers. Overall, the consistent performance in terms of the number of days of payables reflects a sound financial discipline within MSA Safety Inc.