Ufp Industries Inc (UFPI)

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		28.56	24.21	24.72	26.23	37.87	24.51	20.22	18.08	22.65	23.18	17.44	16.79	20.58	17.26	18.65	23.05	26.18	20.69	20.13	22.82
Number of days of payables	days	12.78	15.07	14.76	13.92	9.64	14.89	18.06	20.19	16.11	15.75	20.93	21.74	17.73	21.15	19.57	15.84	13.94	17.64	18.13	16.00

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 28.56
= 12.78

The number of days of payables for Ufp Industries Inc has shown some fluctuations over the past few quarters. The trend indicates that the company takes, on average, around 15 days to pay its accounts payable. This suggests that Ufp Industries Inc typically takes two weeks to settle its outstanding obligations to suppliers and creditors.

However, it is important to note that the number of days of payables has varied, with recent figures ranging from around 12 to 16 days. This variability in payment timing may be influenced by factors such as changes in the company's purchasing patterns, cash flow management practices, and relationships with suppliers.

Overall, monitoring the number of days of payables can provide insights into Ufp Industries Inc's ability to manage its working capital efficiently and its relationships with vendors. A lower number of days of payables may indicate a more favorable position for the company in terms of managing its cash flow and liquidity.