Powell Industries Inc (POWL)
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 | 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 | 9.76 | 12.75 | 14.35 | |
| Number of days of payables | days | 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 | 37.39 | 28.63 | 25.44 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.40
= 27.23
To analyze Powell Industries, Inc.'s number of days of payables, we can see that the number of days has fluctuated over the past eight quarters. The current number of days of payables as of December 31, 2023, is 31.03 days, which represents a decrease from the previous quarter. This indicates that the company is taking fewer days to pay its suppliers, possibly improving cash flow and working capital management.
Comparing the current number of days of payables to the same period last year, there is also a decrease, suggesting a trend towards more efficient payables management. However, it is essential to note the significant variability in this ratio over the past eight quarters, indicating potential volatility in the company's payment practices.
Overall, the decreasing trend in the number of days of payables suggests that Powell Industries, Inc. may be effectively managing its payables, potentially enhancing liquidity and financial performance. Nonetheless, it's important to monitor future trends to assess the company's ongoing ability to manage its payables effectively.
Peer comparison
Dec 31, 2023