Minerals Technologies Inc (MTX)
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 | 10.08 | 10.34 | 9.03 | 8.19 | 9.66 | 8.71 | 8.06 | 7.66 | 8.23 | 8.45 | 8.41 | 8.49 | 9.36 | 9.85 | 10.31 | 9.76 | 9.55 | 8.86 | 8.31 | 8.64 | |
| Number of days of payables | days | 36.20 | 35.29 | 40.44 | 44.54 | 37.79 | 41.88 | 45.28 | 47.68 | 44.33 | 43.21 | 43.43 | 43.02 | 38.99 | 37.05 | 35.39 | 37.39 | 38.23 | 41.22 | 43.91 | 42.26 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.08
= 36.20
Minerals Technologies, Inc. has displayed a fluctuating trend in the number of days of payables over the past eight quarters. The number of days of payables has ranged from a low of 40.31 days in Q3 2023 to a high of 54.34 days in Q1 2022.
In the most recent quarter, Q4 2023, the company's number of days of payables was 41.42 days, showing a slight increase from the previous quarter. This indicates that the company is taking approximately 41 days to pay its suppliers and creditors.
Overall, the company seems to be managing its payables efficiently, with the average number of days of payables over the past eight quarters standing at approximately 46 days. However, it is important to further analyze the reasons behind the fluctuations in the number of days of payables to assess the company's payment practices and liquidity management strategies.
Peer comparison
Dec 31, 2023