Simpson Manufacturing Company Inc (SSD)
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 | 15.48 | 17.17 | 16.69 | 17.21 | 16.24 | 15.36 | 12.22 | 16.16 | 20.14 | 17.46 | 17.74 | 15.34 | 20.14 | 22.45 | 18.82 | 20.74 | 27.54 | 22.52 | 22.84 | 25.08 | |
| Number of days of payables | days | 23.58 | 21.25 | 21.87 | 21.20 | 22.47 | 23.77 | 29.86 | 22.59 | 18.12 | 20.91 | 20.58 | 23.79 | 18.12 | 16.26 | 19.40 | 17.59 | 13.25 | 16.21 | 15.98 | 14.55 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.48
= 23.58
Simpson Manufacturing Co., Inc.'s number of days of payables has shown variability over the past eight quarters. In Q4 2023, the company took approximately 33.54 days to pay its suppliers, which increased from the previous quarter but remained relatively in line with historical trends. This indicates that the company typically settles its payables within a month, which is generally considered a moderate payment duration.
An analysis of the trend over time reveals that the number of days of payables has fluctuated between a high of 40.84 days in Q2 2022 and a low of 29.00 days in Q1 2023. The increase in Q2 2022 may suggest potential inefficiencies in managing payables, whereas the decrease in Q1 2023 indicates improved management or renegotiation of payment terms with suppliers.
Overall, a consistent evaluation of Simpson Manufacturing Co., Inc.'s number of days of payables and its fluctuations can offer insights into the company's cash flow management, working capital efficiency, and relationships with suppliers.
Peer comparison
Dec 31, 2023