Proto Labs Inc (PRLB)
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 | 28.30 | 24.56 | 26.42 | 21.94 | 24.76 | 25.14 | 27.33 | 23.77 | 16.17 | 17.23 | 14.02 | 16.11 | 18.68 | 22.15 | 19.84 | 19.37 | 20.82 | 18.78 | 16.28 | 20.27 | |
| Number of days of payables | days | 12.90 | 14.86 | 13.82 | 16.64 | 14.74 | 14.52 | 13.36 | 15.35 | 22.57 | 21.19 | 26.04 | 22.66 | 19.54 | 16.48 | 18.40 | 18.84 | 17.54 | 19.44 | 22.42 | 18.01 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 28.30
= 12.90
Proto Labs Inc's number of days of payables has fluctuated over the past eight quarters, ranging from a low of 20.25 days in Q4 2023 to a high of 26.19 days in Q1 2023. In general, the company has been able to manage its payables efficiently, with the average number of days hovering around 22-23 days. A lower number of days indicates that the company is taking less time to pay its suppliers, which could potentially signal effective cash management practices. Conversely, a higher number of days may suggest that the company is taking longer to settle its payables, potentially straining supplier relationships. It is important to monitor this ratio over time to assess the company's working capital management and liquidity position.
Peer comparison
Dec 31, 2023