Quanex Building Products (NX)
Number of days of payables
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 17.70 | 13.42 | 12.28 | 14.08 | 15.08 | 12.23 | 11.12 | 10.21 | 11.49 | 9.58 | 10.03 | 8.86 | 10.83 | 8.52 | 11.12 | 15.91 | 14.12 | 10.92 | 13.29 | 14.43 | |
| Number of days of payables | days | 20.62 | 27.20 | 29.72 | 25.92 | 24.21 | 29.84 | 32.83 | 35.75 | 31.77 | 38.08 | 36.40 | 41.18 | 33.69 | 42.85 | 32.81 | 22.95 | 25.85 | 33.43 | 27.46 | 25.29 |
January 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.70
= 20.62
The number of days of payables for Quanex Building Products has fluctuated over the past few periods. The trend indicates that the company takes, on average, about 25 to 35 days to pay its suppliers. A lower number of days of payables suggests that the company is paying its suppliers more quickly, which could indicate strong liquidity or efficient cash management. Conversely, a higher number of days of payables could point to potential cash flow issues or delays in payments to suppliers. It is important for the company to monitor this ratio closely to ensure smooth vendor relationships and effective working capital management.
Peer comparison
Jan 31, 2024