Steel Dynamics Inc (STLD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 16.03 | 10.30 | 10.74 | 17.53 | |
| Number of days of payables | days | — | 22.78 | 35.44 | 33.99 | 20.82 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Steel Dynamics Inc. has shown variation in its number of days of payables over the past five years. The trend indicates that the company took approximately 26.93 days to pay its suppliers in 2023, compared to 23.00 days in 2022, 35.83 days in 2021, 34.39 days in 2020, and 20.97 days in 2019.
The increase in the number of days of payables from 2022 to 2023 suggests that the company may be taking longer to settle its payables, which could be indicative of a potential strain on its liquidity or a change in its payment terms with suppliers. However, it is important to further analyze the company's financial performance and operating efficiency to understand the underlying reasons for this change in the number of days of payables.
Peer comparison
Dec 31, 2023