Metallus Inc (MTUS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.47 | 11.31 | 8.18 | 10.05 | 18.79 | |
| Number of days of payables | days | 38.53 | 32.26 | 44.62 | 36.30 | 19.43 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.47
= 38.53
The number of days of payables for Metallus Inc has fluctuated over the past five years, from 19.43 days in 2019 to 44.62 days in 2021. This ratio indicates the average number of days a company takes to pay its suppliers. A higher number of days of payables may suggest that the company is taking longer to settle its outstanding invoices, potentially signaling inefficiencies in managing its payables. Conversely, a lower number of days may indicate that the company is paying its suppliers more promptly.
In 2023, the number of days of payables increased to 38.53 days compared to the previous year, which could indicate that the company is taking longer to settle its payables. It would be important to further analyze the reasons behind this increase and assess whether it is due to changes in payment terms, cash flow constraints, or other operational factors. Overall, monitoring the trend in days of payables can provide insights into a company's liquidity management and efficiency in managing its supplier relationships.
Peer comparison
Dec 31, 2023