Tetra Tech Inc (TTEK)
Number of days of payables
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 0.45 | 0.40 | 0.36 | 5.05 | 10.19 | 9.33 | 7.43 | 5.11 | 0.27 | 0.28 | 0.28 | 0.24 | 0.27 | 0.30 | 0.31 | 0.29 | 0.34 | 6.76 | 12.19 | 14.89 | |
| Number of days of payables | days | 816.21 | 922.22 | 1,013.00 | 72.32 | 35.80 | 39.14 | 49.15 | 71.47 | 1,364.91 | 1,287.80 | 1,280.97 | 1,499.67 | 1,359.68 | 1,213.03 | 1,171.96 | 1,261.07 | 1,065.50 | 54.03 | 29.94 | 24.52 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.45
= 816.21
The number of days of payables for Tetra Tech Inc has shown variability over the historical periods provided. The trend indicates fluctuations with some periods showing significantly higher numbers of days compared to others.
For example, as of September 30, 2024, the number of days of payables stood at 816.21 days, significantly higher than the 72.32 days recorded on December 31, 2023. This suggests a substantial increase in the number of days it takes for Tetra Tech Inc to pay its payables.
Similarly, there are instances where the number of days of payables exceeds 1,000 days, such as on March 31, 2024, and September 30, 2022. These extended payment periods may indicate potential liquidity challenges or strategic reasons for delaying payments.
Conversely, there are periods, like on September 30, 2020, where the number of days of payables is relatively low at 54.03 days, indicating a more efficient management of payables during that period.
Overall, the analysis of Tetra Tech Inc's number of days of payables reveals fluctuations and trends that may warrant further investigation into the company's cash management practices, supplier relationships, and overall financial performance.
Peer comparison
Sep 30, 2024