MasTec Inc (MTZ)
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 | 9.74 | 9.75 | 11.90 | 11.39 | 8.88 | 9.18 | 10.52 | 11.35 | 11.54 | 10.46 | 10.27 | 9.64 | 10.12 | 10.11 | 9.72 | 8.79 | 6.30 | 3.18 | 0.45 | 0.51 | |
| Number of days of payables | days | 37.46 | 37.44 | 30.68 | 32.04 | 41.12 | 39.76 | 34.70 | 32.17 | 31.64 | 34.89 | 35.54 | 37.86 | 36.06 | 36.09 | 37.56 | 41.51 | 57.90 | 114.86 | 807.75 | 718.98 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.74
= 37.46
MasTec Inc's number of days of payables has shown fluctuations over the past few quarters. The company's payables turnover improved in the recent quarters, with the number of days of payables decreasing from 41.12 days at the end of December 2022 to 30.68 days at the end of June 2023. This suggests that MasTec is managing its payables more efficiently and paying its obligations sooner.
However, there were significant spikes in the number of days of payables in the latter part of 2019 and early 2020, where the company took longer to settle its payables (reaching 807.75 days at the end of March 2019 and 718.98 days at the end of June 2019). Such prolonged payment periods could indicate potential liquidity issues or challenges in managing working capital effectively.
Overall, MasTec Inc's performance in terms of number of days of payables has been mixed, showing improvements in recent quarters but also periods of concerningly long payment cycles in the past. Monitoring this ratio going forward will be crucial to ensure efficient management of the company's payables and working capital.
Peer comparison
Dec 31, 2023