Gibraltar Industries Inc (ROCK)
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 | 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 | 9.34 | 6.36 | 7.77 | 7.61 | |
| Number of days of payables | days | 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 | 39.08 | 57.39 | 46.96 | 47.97 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.03
= 33.10
The number of days of payables for Gibraltar Industries Inc. has shown some fluctuation over the past eight quarters. In Q4 2023, the company's number of days of payables was 33.10 days, indicating a decrease compared to the previous quarters. This suggests that the company took less time to pay its suppliers during this period.
It is important to note that in Q3 2023, the number of days of payables was significantly higher at 57.82 days, potentially indicating a delay in payment to suppliers during that quarter. However, this metric improved in Q4 2023, reflecting a more efficient management of payables.
Looking at the trend over the past eight quarters, the number of days of payables for Gibraltar Industries Inc. has shown some variability but generally hovered around the 50-day mark. This suggests that the company has been managing its payables effectively, maintaining a balance between timely payments to suppliers and optimizing cash flow.
Overall, the recent decrease in the number of days of payables in Q4 2023 could indicate improved working capital management for Gibraltar Industries Inc., potentially leading to better liquidity and financial stability in the future.
Peer comparison
Dec 31, 2023