Materion Corporation (MTRN)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.16 | 11.96 | 14.92 | 16.32 | 20.82 | |
| Number of days of payables | days | 24.07 | 30.52 | 24.46 | 22.36 | 17.53 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.16
= 24.07
To analyze Materion Corporation's number of days of payables, we observe an increasing trend over the years. As of December 31, 2020, the company had 17.53 days of payables, which increased to 22.36 days by December 31, 2021. This trend continued as the number of days of payables rose to 24.46 days by December 31, 2022.
However, by December 31, 2023, Materion Corporation experienced a significant spike in the number of days of payables, reaching 30.52 days, indicating a potential delay in paying its outstanding obligations. This elevated level was then reduced to 24.07 days by December 31, 2024.
Overall, the fluctuation in the number of days of payables suggests a varying approach to managing the company's accounts payable over the years, with a notable increase in 2023 possibly indicating a change in payment strategies or relationships with suppliers.