UFP Technologies Inc (UFPT)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 23.26 | 15.51 | 15.92 | 18.11 | 41.05 | |
| Number of days of payables | days | 15.69 | 23.53 | 22.92 | 20.15 | 8.89 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.26
= 15.69
The number of days of payables for UFP Technologies Inc has shown an increasing trend over the period from December 31, 2020, to December 31, 2023, indicating that the company is taking longer to pay its suppliers. This suggests a potential strain on the company's working capital management or a shift in the company's payment terms with its suppliers. However, there was a slight decrease in the number of days of payables by the end of December 31, 2024, which could indicate an improvement in the company's payables management efficiency. Overall, monitoring this metric is essential to assess the company's liquidity position and its ability to effectively manage its cash flow.
Peer comparison
Dec 31, 2024