Materion Corporation (MTRN)
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 | 11.96 | 16.16 | 12.40 | 12.50 | 14.92 | 16.55 | 9.97 | 6.40 | 2.03 | 1.15 | 1.42 | 1.97 | 3.09 | 2.01 | 1.98 | 1.63 | 1.65 | -2.59 | -2.77 | -2.00 | |
| Number of days of payables | days | 30.52 | 22.59 | 29.44 | 29.20 | 24.46 | 22.06 | 36.59 | 57.04 | 179.68 | 317.99 | 256.50 | 185.14 | 118.18 | 181.56 | 184.78 | 223.71 | 221.74 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.96
= 30.52
To analyze Materion Corp's number of days of payables, we observe a fluctuating trend over the past eight quarters. In Q4 2023, the number of days of payables was 34.85 days, indicating an increase compared to the previous quarter. This suggests that Materion Corp took longer to pay its suppliers in Q4 2023.
Prior to that, in Q3 2023, the number of days of payables was 25.92 days, showing a significant decrease from Q2 2023. This could indicate that Materion Corp managed its payables more efficiently in Q3 2023.
Looking further back, we see a general upward trend in the number of days of payables since Q1 2022. This trend suggests that Materion Corp has been taking longer to pay its suppliers over the past two years.
Overall, Materion Corp's number of days of payables fluctuates from quarter to quarter, potentially influenced by various factors such as changes in payment terms with suppliers, cash flow management, and overall business performance.