Enviri Corporation (NVRI)

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		8.23	7.90	7.43	7.00	7.56	7.63	7.22	7.95	8.01	5.23	6.08	6.02	7.57	5.31	4.10	3.04	1.63	1.70	1.55	1.66
Number of days of payables	days	44.37	46.20	49.09	52.15	48.31	47.85	50.56	45.89	45.58	69.73	60.04	60.68	48.21	68.78	89.05	120.06	223.85	215.32	235.89	220.00

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.23
= 44.37

To analyze the number of days of payables for Enviri Corp, we observe a fluctuating trend over the past eight quarters. The number of days of payables has ranged from 44.37 days in Q4 2023 to 55.73 days in Q2 2022. A lower number of days of payables indicates that the company takes less time to pay off its suppliers, reflecting a more efficient use of working capital. Conversely, a higher number of days of payables suggests a longer payment period, potentially indicating cash flow constraints or strategic management of payment terms.

Enviri Corp's days of payables have shown some volatility, with a general decreasing trend from Q2 2022 to Q4 2023. This could be indicative of improved cash management practices or negotiation of favorable payment terms with suppliers. However, the recent increase in Q4 2023 compared to the previous quarter may warrant further investigation to understand the underlying reasons and implications for the company's financial health and working capital management. Overall, monitoring the trend in days of payables can provide insights into Enviri Corp's liquidity, cash flow efficiency, and supplier relationships.