Reliance Steel & Aluminum Co (RS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 31.35 | 34.74 | 26.33 | 23.28 | 27.80 | |
| Number of days of payables | days | 11.64 | 10.51 | 13.86 | 15.68 | 13.13 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 31.35
= 11.64
The number of days of payables for Reliance Steel & Aluminum Co. has shown variability over the past five years. Dec 31, 2023, recorded 14.60 days, indicating the company took approximately 14.60 days to pay its suppliers on average. This figure was higher than the previous year, Dec 31, 2022, where it was 12.78 days.
Dec 31, 2021, saw a significant increase to 17.25 days, suggesting a lengthening of the payment period compared to the preceding year, Dec 31, 2020, which recorded 15.68 days. However, the number of days of payables was lower than two years ago, Dec 31, 2019, which stood at 13.13 days.
Overall, the trend in the number of days of payables for Reliance Steel & Aluminum Co. has been fluctuating, indicating variations in the company's payment practices and relationships with its suppliers over the years.
Peer comparison
Dec 31, 2023