Rush Enterprises A Inc (RUSHA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 39.05 | 32.70 | 32.99 | 34.86 | 35.78 | |
| Number of days of payables | days | 9.35 | 11.16 | 11.07 | 10.47 | 10.20 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 39.05
= 9.35
Based on the data provided, Rush Enterprises A Inc's number of days of payables has fluctuated over the five-year period. In 2023, the number of days of payables decreased to 9.35 days from 11.16 days in 2022. This suggests that the company took fewer days to pay its suppliers in 2023 compared to the previous year.
Looking back further, we observe that the number of days of payables was relatively stable around the 10-11 day range in the years 2020, 2021, and 2022. This indicates consistency in the company's payment practices during that period.
In 2019, the number of days of payables was slightly lower at 10.20 days compared to the subsequent years. Overall, monitoring the number of days of payables can provide insights into the efficiency of Rush Enterprises A Inc's working capital management and its relationships with suppliers.
Peer comparison
Dec 31, 2023