Somnigroup International Inc. (SGI)
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 | — | — | — | — | — | — | 7.93 | 7.78 | 7.98 | 6.65 | 6.86 | 6.28 | 6.42 | 5.59 | 6.95 | 7.75 | 6.29 | 5.90 | 7.32 | 6.86 | |
| Number of days of payables | days | — | — | — | — | — | — | 46.02 | 46.93 | 45.73 | 54.87 | 53.21 | 58.11 | 56.88 | 65.34 | 52.52 | 47.12 | 58.03 | 61.89 | 49.83 | 53.21 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Somnigroup International Inc. has fluctuated over the past few years. As of December 31, 2022, the company had 45.73 days of payables, indicating that on average, it took approximately 45 days for the company to pay its suppliers. This number increased to 58.11 days by March 31, 2023, suggesting a slowdown in the payment cycle.
Subsequently, the number of days of payables remained relatively stable around the 46-53 day range for the following quarters. This stability may indicate a consistent approach to managing payment obligations and supplier relationships.
However, as of September 30, 2023, the data is not available, and no specific value is provided. This missing data point raises questions about the reporting or data collection process for that period.
It is important for Somnigroup International Inc. to closely monitor its number of days of payables as it can reflect the company's efficiency in managing its working capital and relationships with suppliers. A longer payment cycle may signal potential liquidity issues, while a significantly shorter cycle could point to strained supplier relationships. Ongoing analysis of this ratio in conjunction with other financial metrics is essential for understanding the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024