Spire Inc (SR)

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		0.99	1.13	1.28	1.06	0.48	0.39	0.40	0.61	2.12	3.32	4.51	4.04	5.37	5.98	8.02	7.66	4.78	4.37	4.47	4.06
Number of days of payables	days	368.51	322.90	285.34	343.00	759.68	945.66	910.07	594.05	172.42	109.95	80.97	90.37	68.02	61.08	45.51	47.67	76.35	83.43	81.75	89.83

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.99
= 368.51

The number of days of payables for Spire Inc. has been fluctuating over the past eight quarters. In Q1 2024, it stood at 88.73 days, showing an increase from the previous quarter. The payables turnover period had decreased compared to Q1 2023 when it peaked at 169.10 days, indicating an improvement in managing payables. However, there was a significant reduction from Q4 2022, where the company took 243.91 days to pay its liabilities.

Overall, the trend in the number of days of payables suggests that Spire Inc. has been making efforts to optimize its payment cycles and manage its accounts payable more efficiently. Further analysis would be needed to understand the specific factors driving these changes and their implications for the company's liquidity and working capital management.