Trex Company Inc (TREX)
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 | 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 | 36.60 | 22.18 | 19.57 | 22.30 | |
| Number of days of payables | days | 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 | 9.97 | 16.46 | 18.65 | 16.37 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 34.17
= 10.68
TREX Co., Inc.'s number of days of payables has varied over the past eight quarters. The trend indicates that the company takes an average of 13.61 to 28.47 days to pay its suppliers. In Q4 2023, the number of days of payables decreased to 13.61 days from the previous quarter's 18.02 days. This suggests that the company may be managing its payables more efficiently during this period. Comparing current data with the same quarter in the previous year, Q4 2023 also shows an improvement compared to Q4 2022, where the number of days of payables was 10.36 days. However, it is worth noting that in Q2 and Q3 of 2022, there was a significant increase in the number of days of payables, reaching 25.53 days and 28.47 days, respectively. This indicates that TREX Co., Inc. may have faced challenges in managing its payables efficiently during those quarters. Monitoring this ratio going forward will provide insights into the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023