Simpson Manufacturing Company Inc (SSD)
Number of days of payables
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 17.12 | 15.55 | 16.17 | 16.32 | 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 | |
| Number of days of payables | days | 21.32 | 23.47 | 22.57 | 22.36 | 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 |
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 fluctuated over the analyzed periods. It ranged from a low of 16.26 days to a high of 29.86 days. This ratio indicates the average number of days it takes for the company to pay its suppliers or creditors.
Overall, there was an upward trend in the number of days of payables from March 31, 2020, to June 30, 2022, reaching its peak at 29.86 days. Subsequently, there was a slight decrease in this ratio, stabilizing around the mid-20s range.
During periods of lower days of payables, Simpson Manufacturing Company Inc may be managing its cash flow efficiently by paying its obligations more promptly. Conversely, higher days of payables may signify a potential liquidity advantage for the company, allowing it to hold onto cash longer before settling its debts.
It is essential for investors and stakeholders to monitor the trend of this ratio as it can provide insights into the company's working capital management, financial health, and relationship with suppliers.
Peer comparison
Dec 31, 2024