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.


Peer comparison

Mar 31, 2024