Quanex Building Products (NX)
Number of days of payables
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.55 | 13.42 | 13.91 | 11.08 | 9.88 | |
| Number of days of payables | days | 38.21 | 27.20 | 26.24 | 32.93 | 36.95 |
October 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.55
= 38.21
The number of days of payables for Quanex Building Products has fluctuated over the past five years. In 2024, the company took an average of 38.21 days to pay its suppliers, which is an increase compared to the previous year when it took 27.20 days. This suggests that the company may be taking longer to settle its payables in 2024. However, comparing to 2023 and 2024, Quanex Building Products has historically managed to extend its payable turnover efficiency in 2024. It is important to monitor this ratio closely as it can indicate how effectively the company is managing its cash flow and relationships with suppliers.
Peer comparison
Oct 31, 2024