Gibraltar Industries Inc (ROCK)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.15 | 5.99 | 7.07 | 7.90 | 11.03 | 6.31 | 6.60 | 7.98 | 10.05 | 6.97 | 6.78 | 6.75 | 6.09 | 5.93 | 5.42 | 6.20 | 5.76 | 4.91 | 5.57 | 6.42 | |
| Number of days of payables | days | 44.78 | 60.89 | 51.60 | 46.20 | 33.10 | 57.82 | 55.30 | 45.74 | 36.31 | 52.39 | 53.87 | 54.05 | 59.90 | 61.56 | 67.30 | 58.84 | 63.36 | 74.38 | 65.53 | 56.83 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.15
= 44.78
The number of days of payables for Gibraltar Industries Inc has exhibited some fluctuations over the reported periods. Starting from 56.83 days on March 31, 2020, the number increased to 74.38 days by September 30, 2020, indicating a lengthening of the payment period to suppliers. However, there was a decrease to 53.87 days on June 30, 2022, suggesting a potential improvement in the company's ability to manage its payables more efficiently. The number of days of payables further decreased to 33.10 days by December 31, 2023, reflecting a significant reduction in the time taken to settle obligations to creditors. By December 31, 2024, the number of days of payables stood at 44.78 days, indicating a slight increase compared to the previous period but still showing an overall improvement in managing payables efficiently.
Peer comparison
Dec 31, 2024