MasTec Inc (MTZ)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.81 | 8.90 | 11.60 | 10.49 | 12.05 | |
| Number of days of payables | days | 37.20 | 41.00 | 31.46 | 34.78 | 30.30 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.81
= 37.20
MasTec Inc's number of days of payables has fluctuated over the past five years. In 2023, the company took an average of 37.20 days to pay its suppliers, a decrease from the previous year. This indicates that MasTec has been able to manage its payables more efficiently in 2023. However, it is important to note that the number of days of payables in 2023 is still higher compared to 2021 and 2019, suggesting that the company may be taking longer to settle its outstanding obligations to suppliers. Overall, a lower number of days of payables is generally considered positive as it reflects better cash flow management and financial health.
Peer comparison
Dec 31, 2023