Gibraltar Industries Inc (ROCK)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.15 | 11.03 | 10.05 | 6.09 | 5.76 | |
| Number of days of payables | days | 44.78 | 33.10 | 36.31 | 59.90 | 63.36 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.15
= 44.78
To analyze Gibraltar Industries Inc's number of days of payables, we can observe the trend over the years from 2020 to 2024:
- As of December 31, 2020, the company had an average payment period of 63.36 days.
- By December 31, 2021, the number of days of payables decreased slightly to 59.90 days, indicating a relatively stable payment period.
- The trend then shows a significant decrease in the average payment period by December 31, 2022, to 36.31 days, implying that the company was paying its obligations more quickly.
- This trend continued into December 31, 2023, with a further reduction in the number of days of payables to 33.10 days, suggesting an enhanced efficiency in managing payables.
- However, by December 31, 2024, the average payment period increased to 44.78 days, although this figure is still lower compared to the starting point in 2020.
In general, the decreasing trend in the number of days of payables from 2020 to 2023 indicates an improvement in the company's liquidity and working capital management. The slight increase in 2024 may suggest a potential change in the company's payment practices or supplier relationships that warrants monitoring for any future impacts on the company's financial performance.
Peer comparison
Dec 31, 2024