Nucor Corp (NUE)

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		13.52	14.94	15.37	14.50	17.89	16.45	12.53	14.55	13.18	12.48	9.46	11.12	12.63	15.13	20.82	16.77	16.78	15.56	17.18	14.78
Number of days of payables	days	27.00	24.43	23.75	25.17	20.41	22.19	29.12	25.09	27.70	29.25	38.58	32.83	28.90	24.13	17.53	21.76	21.76	23.45	21.24	24.70

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.52
= 27.00

The number of days of payables for Nucor Corp. has shown some fluctuations over the past eight quarters. In Q4 2023, the company's number of days of payables was 27.41 days, which was higher compared to the previous quarter (Q3 2023) at 24.88 days. This increase could indicate that Nucor is taking slightly longer to pay off its suppliers or vendors in Q4 2023.

Looking further back, the number of days of payables in Q4 2023 was also higher than the same quarter in the previous year (Q4 2022) at 20.75 days. This suggests a potential trend of longer payment periods for the company's payables.

Overall, analyzing the fluctuations in the number of days of payables can provide insights into Nucor's management of its working capital and relationships with suppliers. It is important to continue monitoring this metric to assess the company's efficiency in managing its payables effectively.