Nucor Corp (NUE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.22 | 18.94 | 13.83 | 12.99 | 17.29 | |
| Number of days of payables | days | 25.67 | 19.27 | 26.40 | 28.09 | 21.11 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.22
= 25.67
The number of days of payables for Nucor Corp. has exhibited fluctuations over the past five years. As of December 31, 2023, the company had an average of 27.41 days to pay its outstanding payables, which represents an increase from the previous year. This indicates that Nucor Corp. took longer to pay its suppliers in 2023 compared to 2022.
Comparing the data to earlier years, in 2021 and 2020, the number of days of payables was 28.30 days and 29.18 days, respectively. This suggests that the company's payables turnover improved in 2023 compared to these two years. However, in 2019, Nucor Corp. had a lower number of days of payables at 22.03 days, indicating that it paid its suppliers more quickly in that year.
Overall, the trend in the number of days of payables for Nucor Corp. shows variability, with fluctuations in the time taken to pay suppliers over the past five years. Further analysis and consideration of other financial metrics would provide a more comprehensive insight into the company's liquidity and financial performance.
Peer comparison
Dec 31, 2023