Rush Enterprises A Inc (RUSHA)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Payables turnover 25.71 36.12 38.09 34.80 39.05 34.92 32.56 29.49 32.70 27.65 26.41 24.92 32.99 31.59 32.47 27.84 34.86 35.57 43.67 38.63
Number of days of payables days 14.20 10.10 9.58 10.49 9.35 10.45 11.21 12.38 11.16 13.20 13.82 14.65 11.07 11.55 11.24 13.11 10.47 10.26 8.36 9.45

December 31, 2024 calculation

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

The number of days of payables for Rush Enterprises A Inc has shown fluctuations over the past few years. From March 31, 2020, where it was 9.45 days, the number decreased to 8.36 days by June 30, 2020, indicating a shorter period to pay off its payables. However, by March 31, 2021, the number had increased significantly to 13.11 days, suggesting a longer period taken to settle payables, which may impact the company's liquidity.

Subsequently, the number varied around the 11 to 14 days range until December 31, 2022, where it decreased to 11.16 days. This decrease could imply more efficient management of payables during that period. However, by March 31, 2023, the number increased to 12.38 days, indicating a slightly longer period required to pay off its liabilities.

Overall, the trend of the number of days of payables for Rush Enterprises A Inc shows some fluctuations, with periods of shorter and longer payables turnover. It is essential for the company to closely monitor and manage its payables effectively to maintain liquidity and financial health.