Enpro Industries (NPO)
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 | ||
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Payables turnover | 15.74 | 18.58 | 18.99 | 17.29 | 17.10 | 16.12 | 12.94 | 12.75 | 15.29 | 14.93 | 13.44 | 15.55 | 16.17 | 11.72 | 12.08 | 10.43 | 9.94 | 10.48 | 9.65 | 9.37 | |
Number of days of payables | days | 23.19 | 19.64 | 19.22 | 21.12 | 21.34 | 22.65 | 28.20 | 28.63 | 23.88 | 24.45 | 27.16 | 23.48 | 22.57 | 31.15 | 30.22 | 35.00 | 36.70 | 34.84 | 37.83 | 38.95 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.74
= 23.19
The number of days of payables for Enpro Inc has been relatively consistent over the past eight quarters. In Q4 2023, the company took an average of 39.65 days to pay its suppliers, slightly lower compared to the previous quarter. This indicates that Enpro Inc is managing its payables efficiently. Additionally, the Q4 2023 number of days of payables is also lower than the same quarter in the previous year, showing a positive trend in managing supplier payments. Overall, Enpro Inc's number of days of payables suggests effective management of its accounts payable and liquidity position.