Somnigroup International Inc. (SGI)
Number of days of payables
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.85 | 7.69 | 8.01 | 8.98 | 7.84 | 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 | 7.01 | |
| Number of days of payables | days | 46.47 | 47.46 | 45.56 | 40.63 | 46.53 | 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 | 52.09 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.85
= 46.47
Somnigroup International Inc.'s number of days of payables has varied over the analyzed periods. The company's payables turnover, as indicated by the number of days it takes to pay its suppliers, ranged from a low of 40.63 days on December 31, 2023, to a high of 65.34 days on September 30, 2021.
In general, a higher number of days of payables suggests that the company is taking longer to pay its suppliers, which could indicate liquidity issues or strained vendor relationships. Conversely, a lower number of days of payables may imply that the company is efficiently managing its accounts payable and maintaining good relationships with its suppliers.
It is worth noting that fluctuations in the number of days of payables should be interpreted in the context of the company's industry norms, business cycle, and overall financial health. Regular monitoring of this metric can provide insights into Somnigroup International Inc.'s cash management practices and working capital efficiency.
Peer comparison
Sep 30, 2024