Rush Enterprises A Inc (RUSHA)

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		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	35.78	36.16	32.99	30.89
Number of days of payables	days	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	10.20	10.09	11.06	11.81

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 39.05
= 9.35

The number of days of payables for Rush Enterprises A Inc has shown some fluctuations over the past few quarters, with a range between 8.36 days to 14.65 days. A lower number of days of payables indicates that the company is taking less time to pay its suppliers, which may signify efficient working capital management. Conversely, a higher number of days of payables suggests that the company is taking longer to settle its payables, potentially straining its relationships with suppliers.

It is important to note that the number of days of payables should be analyzed in conjunction with other financial ratios and metrics to gain a comprehensive understanding of the company's liquidity, operating efficiency, and financial health. Further investigation into the reasons behind the fluctuations in the number of days of payables may provide valuable insights into Rush Enterprises A Inc's business operations and financial management practices.