Metallus Inc (MTUS)

Number of days of payables

		Mar 31, 2024	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
Payables turnover		8.62	9.47	8.33	7.54	7.35	11.31	10.54	6.80	7.12	8.18	8.14	7.76	6.56	10.06	13.46	21.83	12.62	18.79	17.62	13.76
Number of days of payables	days	42.33	38.53	43.82	48.42	49.66	32.26	34.63	53.69	51.24	44.63	44.85	47.02	55.61	36.30	27.12	16.72	28.93	19.43	20.72	26.53

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.62
= 42.33

The number of days of payables for Metallus Inc has displayed some fluctuations over the past few quarters. On March 31, 2024, the company had an average payable period of 42.33 days, showing a slight increase compared to the previous quarter. This indicates that Metallus Inc takes approximately 42 days to pay off its suppliers and vendors.

Looking at the trend over the previous quarters, we observe that the number of days of payables has varied, with some periods showing longer or shorter payment cycles. For example, on March 31, 2023, the company had a slightly higher payables period of 49.66 days compared to December 31, 2022, which was 32.26 days. This suggests that the company may have adjusted its payment practices during that period.

Analyzing the longer-term trend, we can see that the number of days of payables has generally ranged between 25 to 55 days over the past two years. This indicates that Metallus Inc has been managing its payables within this range, balancing its cash flow needs with ensuring timely payments to suppliers.

Overall, the number of days of payables for Metallus Inc reflects its approach to managing its supplier relationships and cash flow position. It is essential for investors and stakeholders to monitor this metric alongside other financial ratios to assess the company's financial health and operational efficiency.