Trex Company Inc (TREX)
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 | 13.81 | 14.01 | 15.18 | 18.07 | 34.17 | 25.58 | 23.73 | 33.78 | 42.34 | 43.67 | 17.71 | 15.96 | 37.08 | 18.02 | 17.61 | 17.44 | 16.76 | 17.87 | 19.93 | 19.44 | |
| Number of days of payables | days | 26.44 | 26.05 | 24.05 | 20.20 | 10.68 | 14.27 | 15.38 | 10.80 | 8.62 | 8.36 | 20.61 | 22.87 | 9.84 | 20.26 | 20.72 | 20.93 | 21.77 | 20.43 | 18.31 | 18.77 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.81
= 26.44
The number of days of payables for Trex Company Inc has fluctuated over the periods provided in the data. Initially, from March 31, 2020, to December 31, 2021, the number of days of payables remained relatively stable, ranging between approximately 18 to 22 days. However, there was a significant decrease to 9.84 days as of December 31, 2021, indicating the company took fewer days to pay its outstanding bills.
Subsequently, there was a further decline in the number of days of payables in the following quarters, reaching as low as 8.36 days by September 30, 2022, and December 31, 2022. This suggests Trex Company Inc was able to manage its payables efficiently and paid its obligations much faster during this period.
As of March 31, 2023, there was a slight increase to 10.80 days, followed by a fluctuation around 15 to 26 days from June 30, 2023, to December 31, 2024. The higher values in the latter periods indicate that the company took more days to pay its creditors during those quarters compared to the earlier periods.
In conclusion, the number of days of payables for Trex Company Inc has shown variability over the observed time frame, with periods of both efficient and extended payment cycles. It is important for investors and analysts to closely monitor these trends to assess the company's liquidity management and vendor relations.
Peer comparison
Dec 31, 2024