Polaris Industries Inc (PII)

Polaris Inc's number of days of payables, a key liquidity metric indicating how long the company takes to pay its suppliers, has fluctuated over the past five years.

In 2023, Polaris Inc had 37.32 days of payables, reflecting a decrease from the previous year. This suggests that the company took fewer days to settle its payables, potentially indicating more efficient management of its accounts payable.

Comparing this to 2022 where the number of days of payables was 46.67 days, the decrease in 2023 indicates a positive trend towards shorter payment cycles and potentially better cash flow management.

However, it is worth mentioning that the number of days of payables was higher in 2021 and 2020 at 46.53 days and 53.69 days, respectively. This could be a sign of delayed payment to suppliers during those years, which may have impacted relationships and liquidity.

On the other hand, in 2019, Polaris Inc had the lowest number of days of payables at 32.01 days, indicating a quicker payment cycle compared to the following years.

Overall, the trend in Polaris Inc's number of days of payables shows some fluctuations, with the company's ability to manage its payables improving in 2023 compared to the previous year. It will be important to continue monitoring this metric to ensure efficient management of working capital and maintain positive relationships with suppliers.