Quanex Building Products (NX)
Number of days of payables
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.55 | 14.97 | 15.99 | 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 | |
| Number of days of payables | days | 38.21 | 24.38 | 22.83 | 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 |
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 shown some variability over the past several periods. On average, the company takes around 28 days to pay its suppliers.
The trend in the number of days of payables has fluctuated over the periods analyzed. There was a notable increase in the number of days of payables from April 2020 to January 2021, followed by a decrease and then another increase by October 2021. From October 2021 to July 2022, there was a consistent increase in the number of days of payables, peaking at 35.75 days. However, this trend reversed in the subsequent periods, with a gradual decline in the number of days of payables observed.
Overall, the company's number of days of payables suggests that it manages its accounts payable reasonably efficiently, with fluctuations potentially influenced by various factors such as operational changes, supplier relationships, and cash flow management strategies.
Peer comparison
Oct 31, 2024