Polaris Industries Inc (PII)
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 | 11.16 | 8.79 | 8.67 | 8.98 | 9.05 | 9.10 | 7.64 | 7.48 | 9.32 | 7.68 | 7.84 | 8.05 | 8.49 | 8.07 | 11.57 | 11.03 | 13.68 | 10.31 | 14.11 | 10.36 | |
| Number of days of payables | days | 32.70 | 41.53 | 42.09 | 40.65 | 40.35 | 40.10 | 47.78 | 48.80 | 39.16 | 47.55 | 46.54 | 45.32 | 43.01 | 45.24 | 31.56 | 33.09 | 26.68 | 35.41 | 25.87 | 35.22 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.16
= 32.70
Polaris Inc's number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the company reported 37.32 days of payables, which decreased from the previous quarter. This suggests that the company is taking fewer days to pay its suppliers, which could indicate improved efficiency in managing its payables.
Looking at the trend over the past year, we can see that the number of days of payables decreased from Q1 2022 to Q4 2023, indicating that Polaris Inc has been able to reduce the time it takes to settle its payables. This trend may reflect the company's efforts to better manage its working capital and improve cash flow.
It is important to note that while a decrease in the number of days of payables can be a positive sign of efficiency, it is also crucial for the company to maintain good relationships with its suppliers by ensuring timely payments. Additionally, further analysis of other financial ratios and factors affecting payables management would provide a more comprehensive understanding of Polaris Inc's overall financial health.