Reliance Steel & Aluminum Co (RS)

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 31.30 29.16 26.92 25.65 34.68 30.26 21.36 20.82 26.29 19.23 18.18 20.93 29.18 29.96 33.63 26.02 26.00 19.69 18.56 14.13
Number of days of payables days 11.66 12.52 13.56 14.23 10.52 12.06 17.09 17.53 13.88 18.98 20.07 17.44 12.51 12.18 10.85 14.03 14.04 18.53 19.67 25.83

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 31.30
= 11.66

Reliance Steel & Aluminum Co.'s number of days of payables has fluctuated over the quarters, ranging from a low of 12.78 days in Q4 2022 to a high of 21.47 days in Q1 2022. In the most recent quarter, Q4 2023, the number of days of payables decreased slightly to 14.60 days compared to the previous quarter.

A lower number of days of payables indicates that the company takes less time to pay its suppliers, which may imply efficient management of working capital. Conversely, a higher number of days of payables may suggest a potential strain on cash flow or liquidity.

Monitoring the trend of days of payables over time can provide insight into the company's payment practices and its ability to manage its financial obligations effectively. Further analysis and comparison with industry benchmarks or competitors may offer additional context to evaluate Reliance Steel & Aluminum Co.'s performance in managing its payables.


Peer comparison

Dec 31, 2023

Company name
Symbol
Number of days of payables
Reliance Steel & Aluminum Co
RS
11.66
Olympic Steel Inc
ZEUS
23.34