National Presto Industries Inc (NPK)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.15 | 9.21 | 8.89 | 8.00 | 10.93 | |
| Number of days of payables | days | 51.03 | 39.64 | 41.04 | 45.64 | 33.40 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.15
= 51.03
The number of days of payables for National Presto Industries Inc has shown some fluctuations over the past five years. In 2023, the company took approximately 51.03 days to pay its suppliers, representing an increase from the previous year's 39.64 days. This could indicate that the company is taking longer to settle its payables, which may impact its relationships with suppliers.
Comparing 2023 to 2021 and 2020, where the number of days of payables was 41.04 days and 45.64 days respectively, there has been a noticeable increase in the time taken by the company to pay its bills. This trend suggests a potential strain on the company's working capital management and liquidity position.
In contrast, in 2019, National Presto Industries Inc took only 33.40 days to pay its payables. This indicates that the company was more efficient in managing its payables that year compared to the more recent periods.
Overall, the increasing number of days of payables for National Presto Industries Inc over the past few years may warrant further investigation into the reasons behind this trend, as it could have implications for the company's cash flow management and supplier relationships.
Peer comparison
Dec 31, 2023