Steven Madden Ltd (SHOO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.13 | 9.56 | 8.03 | 9.98 | 17.84 | |
| Number of days of payables | days | 51.18 | 38.17 | 45.44 | 36.59 | 20.45 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.13
= 51.18
The number of days of payables for Steven Madden Ltd. has shown a fluctuating trend over the past five years. It ranged from 20.45 days at the end of 2019 to 51.18 days at the end of 2023. A substantial increase in the number of days of payables was observed from 2022 to 2023, indicating a potential delay in settling the company's accounts payable. This trend suggests that Steven Madden Ltd. may be taking longer to pay its suppliers, which could impact its vendor relationships and liquidity position. Further analysis of the company's working capital management practices and supplier payment terms may be warranted to assess the underlying reasons for these changes in the number of days of payables.
Peer comparison
Dec 31, 2023