SPX Corp (SPXC)

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 11.93 7.83 7.40 7.68 7.78 7.68 7.92 7.85 6.99 11.06 14.77 9.95 13.89 10.44 10.20 9.55 10.03 10.69 10.51 10.12
Number of days of payables days 30.60 46.64 49.29 47.50 46.90 47.54 46.08 46.52 52.20 33.02 24.71 36.68 26.28 34.97 35.79 38.20 36.39 34.15 34.72 36.08

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.93
= 30.60

The number of days of payables for SPX Corp has varied over the past several quarters. The trend indicates that the company takes an average of approximately 40 days to pay its suppliers. This suggests that SPX Corp typically takes about a month and a half to settle its payables.

There was a significant increase in the number of days of payables from the fourth quarter of 2021 to the first quarter of 2022, peaking at 52.20 days. However, the payables period then decreased in the second and third quarters of 2022, remaining relatively stable between 46 to 47 days.

In the most recent quarter, the number of days of payables decreased to 30.60 days, which is a positive trend indicating that the company is making payments to suppliers at a faster rate. This could potentially be due to improved liquidity or more efficient cash management practices.

Overall, monitoring the number of days of payables can help assess the company's liquidity and efficiency in managing its working capital. It is important for investors and stakeholders to closely follow these trends to understand how SPX Corp is managing its financial obligations to suppliers.


Peer comparison

Dec 31, 2023

Company name
Symbol
Number of days of payables
SPX Corp
SPXC
30.60
Lincoln Electric Holdings Inc
LECO
35.90