Powell Industries Inc (POWL)
Number of days of payables
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.19 | 9.85 | 9.10 | 13.40 | 11.13 | 9.61 | 11.08 | 13.81 | 8.17 | 10.64 | 9.74 | 11.02 | 10.23 | 13.41 | 11.28 | 16.73 | 14.08 | 13.58 | 12.20 | 11.48 | |
| Number of days of payables | days | 32.61 | 37.05 | 40.10 | 27.23 | 32.80 | 37.97 | 32.93 | 26.42 | 44.66 | 34.32 | 37.48 | 33.12 | 35.68 | 27.21 | 32.37 | 21.81 | 25.93 | 26.88 | 29.91 | 31.79 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.19
= 32.61
The number of days of payables for Powell Industries Inc has fluctuated over the past few quarters. As of September 30, 2024, the company takes approximately 32.61 days to pay its outstanding payables. This shows a slight improvement compared to the prior quarter, where it took 37.05 days to settle its payables. However, compared to December 31, 2023, the number of days of payables has increased, indicating a potential slowdown in payment efficiency.
Analyzing the trend further, it is observed that the number of days of payables has been variable over the past few quarters, ranging from a low of 21.81 days on March 31, 2021, to a high of 44.66 days on September 30, 2022. This variability suggests that Powell Industries Inc's payment practices may be influenced by various factors such as cash flow, working capital management, and supplier relationships.
It is important for investors and stakeholders to monitor the number of days of payables as it can provide insights into the company's liquidity position, operational efficiency, and relationships with suppliers. A decreasing trend in the number of days of payables may indicate improved cash management, while an increasing trend could raise concerns about the company's ability to settle its obligations in a timely manner.
Peer comparison
Sep 30, 2024