Sterling Construction Company Inc (STRL)

The analysis of Sterling Construction Company Inc's number of days of payables over the specified period reveals fluctuations in the company's payment practices. As of December 31, 2020, the payable days stood at approximately 33.19 days, indicating the average period the company took to settle its accounts payable. This figure increased marginally to about 33.99 days by December 31, 2021, suggestive of a slight postponement in payments within that year.

However, a notable reduction occurred by December 31, 2022, with the payable days decreasing to approximately 29.76 days, reflecting a shorter payment cycle and potentially improved cash management or changing supplier terms. The upward trend resumed slightly in 2023, with the payable days rising to about 32.59 days, aligning closer to the previous year's level but still showing variability in payment timing.

The most recent data point, as of December 31, 2024, indicates a further decrease to approximately 28.17 days, signifying an overall trend toward shorter payables in the latest period analyzed. This trend suggests that Sterling Construction Company Inc. has been consistently reducing the average time taken to settle its liabilities, which could be indicative of improved liquidity management, favorable credit terms, or a strategic approach to strengthening supplier relationships.

Overall, the company's days of payables have demonstrated variability over the years, with a general trend toward shorter payment cycles in recent years. This pattern may positively influence the company's working capital position and reflects an evolving approach to managing its accounts payable.

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Dec 31, 2024