NV5 Global Inc (NVEE)
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 | 12.72 | 10.01 | 11.45 | 12.77 | 12.07 | 14.12 | 12.82 | 13.55 | 11.09 | 14.20 | 15.40 | 17.12 | 14.90 | 17.11 | 15.00 | 14.53 | 13.50 | 20.40 | 22.73 | 21.66 | |
| Number of days of payables | days | 28.68 | 36.47 | 31.89 | 28.59 | 30.24 | 25.85 | 28.46 | 26.93 | 32.91 | 25.70 | 23.71 | 21.31 | 24.50 | 21.34 | 24.34 | 25.13 | 27.04 | 17.89 | 16.06 | 16.85 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.72
= 28.68
The number of days of payables for NV5 Global Inc has shown some variability over the past five years, ranging from as low as 16.06 days to as high as 36.47 days. In recent quarters, the number of days of payables has been relatively stable, hovering around the mid to high 20s. This suggests that the company takes approximately 25 to 30 days, on average, to pay its suppliers and vendors.
A lower number of days of payables indicates that the company is paying its bills more quickly, which could potentially strain liquidity. Conversely, a higher number of days of payables may suggest that the company is able to hold onto cash longer before paying its obligations, potentially improving cash flow and working capital management.
It is important to monitor changes in the number of days of payables over time to assess the company's payment practices and financial health. An upward trend in this ratio may indicate a strain on the company's cash flow, while a downward trend could signal improved efficiency in managing payables.
Peer comparison
Dec 31, 2023