Sterling Construction Company Inc (STRL)
Number of days of payables
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.90 | 12.96 | 10.56 | 10.35 | 12.23 | 11.20 | 10.78 | 11.57 | 13.72 | 13.54 | 8.38 | 9.41 | 10.12 | 12.12 | 9.26 | 9.06 | 11.20 | 12.98 | 9.80 | 8.98 | |
| Number of days of payables | days | 28.30 | 28.17 | 34.56 | 35.26 | 29.85 | 32.59 | 33.85 | 31.56 | 26.61 | 26.95 | 43.54 | 38.80 | 36.07 | 30.10 | 39.41 | 40.28 | 32.58 | 28.11 | 37.23 | 40.64 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.90
= 28.30
The analysis of Sterling Construction Company's days of payables across various periods reveals fluctuations indicative of the company's evolving payment practices and cash management strategies. Starting from June 30, 2020, with a duration of approximately 40.64 days, there was a general trend toward shorter payable periods over the subsequent quarters, reaching a low of around 26.95 days by December 31, 2022. This decline suggests a possible shift toward more prompt payments to suppliers or improved liquidity management during this interval.
Following this low point, the days of payables experienced some variability, with an increase to approximately 36.07 days by March 31, 2022, and a subsequent peak of 43.54 days on September 30, 2022. These increases may indicate a deliberate extension of payment periods, potentially to optimize cash flow or preserve working capital. The latter part of 2022 and early 2023 saw a decrease back to roughly 26.61 days, aligning with the earlier pattern of shorter payable durations.
From mid-2023 onward, the number of days of payables displayed modest increases again, reaching around 35.26 days on June 30, 2024, before slightly decreasing to approximately 28.17 days by December 2024. The data for March 2025 shows a marginal increase to 28.30 days. Overall, Sterling Construction Company's payable periods demonstrate periods of both extension and contraction, reflecting adjustments in payment policies that may be influenced by operational needs, supplier relationships, or liquidity considerations, without a clear sustained trend in either direction over the analyzed timeframe.
Peer comparison
Mar 31, 2025