Steven Madden Ltd (SHOO)
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 | 7.13 | 7.94 | 8.61 | 11.66 | 9.56 | 13.27 | 12.35 | 9.95 | 8.03 | 8.01 | 9.52 | 7.41 | 9.98 | 11.89 | 20.72 | 14.06 | 17.84 | 12.16 | 10.00 | 16.67 | |
| Number of days of payables | days | 51.18 | 45.98 | 42.38 | 31.32 | 38.17 | 27.50 | 29.56 | 36.67 | 45.44 | 45.56 | 38.33 | 49.27 | 36.59 | 30.69 | 17.61 | 25.95 | 20.45 | 30.01 | 36.48 | 21.89 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.13
= 51.18
Steven Madden Ltd.'s number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the number of days of payables increased to 51.18 days compared to 45.98 days in Q3 2023 and 42.38 days in Q2 2023. This suggests that the company is taking longer to pay its suppliers and vendors.
Comparing Q4 2023 to the same quarter in the previous year, there was an increase in the number of days of payables from 38.17 days to 51.18 days, indicating a worsening payment performance. Further, Q4 2023 also saw a significant increase in days of payables compared to Q1 2023, where the number of days was 31.32 days, reflecting a substantial extension in the payment period over the year.
Overall, the trend in the number of days of payables for Steven Madden Ltd. indicates a lengthening in the payment cycle, which may have implications for the company's working capital management and vendor relationships. It is essential for the company to monitor and manage its payables effectively to ensure efficient cash flow and maintain healthy supplier relations.
Peer comparison
Dec 31, 2023