Tetra Tech Inc (TTEK)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.50 | 0.27 | 0.27 | 0.42 | 13.06 | |
| Number of days of payables | days | 733.76 | 1,364.91 | 1,359.68 | 871.53 | 27.94 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.50
= 733.76
The number of days of payables for Tetra Tech Inc has shown a fluctuating trend over the past five years. In 2019, the company had a significantly low number of days of payables at 27.94 days, indicating a relatively efficient management of its accounts payable. However, this improved efficiency was not sustained, as the number of days of payables substantially increased in 2020 to 871.53 days. This sharp increase could suggest delays in paying off the company's suppliers.
In the following years, the number of days of payables remained elevated, with values of 1,359.68 days in 2021 and 1,364.91 days in 2022. These high values indicate that Tetra Tech Inc is taking a longer time to pay off its payables, which may raise concerns about its liquidity management and creditor relationships.
The most recent data for 2023 shows a slight decrease in the number of days of payables to 733.76 days. While this represents an improvement from the past two years, the metric still remains at a relatively high level, suggesting that Tetra Tech Inc continues to delay payments to its suppliers.
Overall, Tetra Tech Inc's number of days of payables reveals a trend of increasing payment delays over the years, which may require further analysis to understand the underlying reasons and implications for the company's financial management.
Peer comparison
Sep 30, 2023