National Presto Industries Inc (NPK)
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 | 7.15 | 6.68 | 7.36 | 7.74 | 9.21 | 8.04 | 9.80 | 9.43 | 8.89 | 6.88 | 10.80 | 10.15 | 8.00 | 9.07 | 7.51 | 8.94 | 10.93 | 8.22 | 8.46 | 9.14 | |
| Number of days of payables | days | 51.03 | 54.62 | 49.62 | 47.14 | 39.64 | 45.40 | 37.26 | 38.69 | 41.04 | 53.05 | 33.79 | 35.98 | 45.64 | 40.23 | 48.59 | 40.83 | 33.40 | 44.40 | 43.14 | 39.94 |
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 few quarters. On average, the company takes around 40-50 days to pay its suppliers, with a recent high of 54.62 days in September 2023 and a recent low of 33.40 days in March 2020.
A higher number of days of payables may indicate that the company is taking longer to pay its suppliers, potentially improving cash flow in the short term but could strain supplier relationships if prolonged. Conversely, a lower number of days of payables may suggest a more efficient payment cycle, but could also potentially signal difficulties in managing working capital or negotiating favorable payment terms.
It is important for stakeholders to monitor trends in the number of days of payables to assess the company's liquidity management and relationships with suppliers. Fluctuations in this ratio could provide insights into the company's financial health and operational efficiency in managing its payables.
Peer comparison
Dec 31, 2023