Rush Enterprises A Inc (RUSHA)

Number of days of payables

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Payables turnover 25.71 39.05 32.70 32.99 34.86
Number of days of payables days 14.20 9.35 11.16 11.07 10.47

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.71
= 14.20

Based on the data provided, the number of days of payables for Rush Enterprises A Inc has shown some fluctuations over the years. As of December 31, 2020, the company took around 10.47 days to pay its accounts payable on average. This number increased slightly to 11.07 days by December 31, 2021, and further to 11.16 days by December 31, 2022. However, there was a notable decrease in the number of days of payables to 9.35 days by December 31, 2023. The trend reversed in the following year, reaching 14.20 days by December 31, 2024, indicating the company took longer to settle its payables.

Overall, the fluctuations in the number of days of payables suggest that Rush Enterprises A Inc has been managing its accounts payable differently from year to year, potentially reflecting changes in its payment policies, financial health, or relationships with suppliers. It is important for stakeholders to monitor this metric to understand the company's payment practices and liquidity management.