Spire Inc (SR)

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		1.30	1.48	1.54	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
Number of days of payables	days	280.19	246.05	237.44	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

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.30
= 280.19

The number of days of payables for Spire Inc has varied over the past few years, indicating fluctuations in its payment policies and efficiency in managing its accounts payable. The trend shows an improvement in payables turnover efficiency from highs of 945.66 days in Sep 30, 2022 and 759.68 days in Dec 31, 2022 to more reasonable levels of 280.19 days in Sep 30, 2024. This suggests that the company has been able to better manage and pay off its outstanding payables within a shorter time frame.

However, it is worth noting that there were some instances of exceptionally low days of payables, for example, 45.51 days in Sep 30, 2020 and 47.67 days in Jun 30, 2020. These low numbers may indicate a more aggressive approach to managing payables, potentially to take advantage of early payment discounts or to strengthen relationships with suppliers.

Overall, the downward trend in the number of days of payables indicates an improvement in Spire Inc's ability to manage its accounts payable effectively and efficiently over the analyzed periods.