RBC Bearings Incorporated (RBC)
Number of days of payables
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.66 | 7.13 | 6.44 | 4.44 | 2.75 | 2.90 | 2.66 | 3.05 | 3.69 | 3.29 | 7.96 | 8.67 | 10.32 | 10.54 | 11.87 | 10.12 | 11.20 | 11.33 | 11.11 | 10.79 | |
| Number of days of payables | days | 47.67 | 51.17 | 56.67 | 82.14 | 132.92 | 125.87 | 137.46 | 119.68 | 98.82 | 110.82 | 45.84 | 42.08 | 35.38 | 34.64 | 30.75 | 36.08 | 32.60 | 32.23 | 32.87 | 33.83 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.66
= 47.67
The number of days of payables for RBC Bearings Incorporated has varied over the periods shown in the table. The trend indicates fluctuations in the time the company takes to pay its suppliers.
The average number of days of payables in recent periods has been approximately 60 days, with some periods showing shorter payment cycles and others longer. This suggests that RBC Bearings may have payment terms that allow for flexibility in managing its working capital.
A decreasing trend in the number of days of payables may indicate improved efficiency in managing supplier payments, potentially leading to better cash flow management. On the other hand, an increasing trend could signal challenges in meeting payment obligations or changes in supplier relationships.
Overall, analyzing the number of days of payables can provide insights into RBC Bearings' liquidity, operational efficiency, and relationships with suppliers. Further analysis in conjunction with other financial ratios and factors would be needed to fully assess the implications of these trends.
Peer comparison
Mar 31, 2024