Sturm Ruger & Company Inc (RGR)

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		36.95	—	—	—	31.30	—	—	—	36.95	—	—	—	29.50	—	—	—	37.29	—	—	—
Number of days of payables	days	9.88	—	—	—	11.66	—	—	—	9.88	—	—	—	12.37	—	—	—	9.79	—	—	—

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 36.95
= 9.88

Sturm, Ruger & Co., Inc.'s number of days of payables decreased from 11.66 days in Q4 2022 to 9.88 days in Q4 2023. This indicates that the company takes approximately 9.88 days to pay its trade payables on average. The decrease in days of payables may suggest improved efficiency in managing its accounts payable, potentially resulting from better negotiation terms with suppliers or more effective cash flow management. It's important to monitor this ratio over time to ensure that the company maintains a healthy balance between prompt payment and optimizing cash flow.

Peer comparison

Dec 31, 2023

Company name

Symbol

Number of days of payables

Sturm Ruger & Company Inc

RGR

9.88

Axon Enterprise Inc.

AXON

29.05

National Presto Industries Inc