Steel Dynamics Inc (STLD)

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		—	—	—	14.37	16.03	13.75	11.10	11.72	10.30	9.65	8.75	7.86	10.74	11.44	11.73	14.45	17.53	17.89	18.70	16.73
Number of days of payables	days	—	—	—	25.40	22.78	26.55	32.89	31.14	35.44	37.84	41.74	46.43	33.99	31.91	31.13	25.26	20.82	20.40	19.51	21.82

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

Steel Dynamics Inc.'s number of days of payables has shown a decreasing trend over the past eight quarters. In Q4 2023, the company's payables were outstanding for approximately 26.93 days, compared to 25.65 days in Q3 2023 and 24.47 days in Q2 2023. This suggests that the company is taking slightly longer to pay off its obligations to suppliers. However, the current level of payables is still within a reasonable range compared to previous quarters.

It is important to note that the number of days of payables is just one aspect of the company's financial health and should be analyzed in conjunction with other financial metrics for a comprehensive assessment. Overall, the trend in Steel Dynamics Inc.'s number of days of payables indicates a consistent management of its accounts payable, although there has been a slight increase in the time taken to pay off obligations in the most recent quarter.