Simpson Manufacturing Company Inc (SSD)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 17.12 | 15.49 | 16.25 | 20.15 | 20.14 | |
| Number of days of payables | days | 21.32 | 23.56 | 22.46 | 18.11 | 18.13 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.12
= 21.32
The number of days of payables for Simpson Manufacturing Company Inc has shown a slight increase over the past years, from 18.13 days as of December 31, 2020, to 21.32 days as of December 31, 2024. This indicates that the company is taking slightly longer to pay its suppliers and vendors. It is important to monitor this ratio to ensure that the company maintains a balance between managing its cash flow effectively and maintaining good relationships with its suppliers. An increasing trend in the number of days of payables may signal potential liquidity issues or strained relationships with suppliers.
Peer comparison
Dec 31, 2024