Materion Corporation (MTRN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.96 | 14.92 | 16.32 | 20.82 | 25.55 | |
| Number of days of payables | days | 30.52 | 24.46 | 22.36 | 17.53 | 14.29 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.96
= 30.52
The number of days of payables for Materion Corp has shown a general increasing trend over the past five years. In Dec 2019, the company took an average of 17.03 days to pay its suppliers, which has steadily increased to 34.85 days by Dec 2023. This indicates that Materion Corp has been taking longer to settle its payables over time.
A higher number of days of payables could suggest that the company is taking longer to pay its suppliers, potentially signaling liquidity challenges or strained relationships with vendors. However, it could also indicate a deliberate strategy to optimize cash flow and manage working capital more efficiently.
It is important for investors and stakeholders to monitor this trend to assess the company's ability to meet its financial obligations and manage its cash flow effectively. Additionally, comparing Materion Corp's number of days of payables to industry benchmarks and peers would provide further context for evaluating the company's financial performance and operational efficiency.