UFP Technologies Inc (UFPT)

Number of days of payables

Dec 31, 2024 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
Payables turnover 23.25 15.13 15.75 14.90 15.51 12.52 13.34 16.38 15.92 13.95 10.80 13.69 18.11 23.89 20.87 28.32 41.05 37.95 32.55 24.11
Number of days of payables days 15.70 24.13 23.18 24.50 23.53 29.16 27.36 22.29 22.93 26.16 33.80 26.66 20.15 15.28 17.49 12.89 8.89 9.62 11.21 15.14

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.25
= 15.70

The trend of UFP Technologies Inc's number of days of payables indicates a fluctuating pattern over the recent quarters. The company's payables turnover has ranged from a low of 8.89 days as of December 31, 2020, to a high of 33.80 days as of June 30, 2022. Notably, there was a substantial increase in the number of days of payables from March 31, 2021, to June 30, 2022.

However, since June 30, 2022, there has been a gradual decline in the number of days of payables, with some fluctuations seen in the subsequent quarters. As of December 31, 2024, the number of days of payables stands at 15.70 days, showing an improvement as compared to the peak observed on June 30, 2022.

Overall, the company's management of payables appears to have some variability, potentially influenced by factors such as supplier relationships, payment terms, and operational efficiency. Monitoring this ratio over time can provide insights into UFP Technologies Inc's working capital management and liquidity position.