Valmont Industries Inc (VMI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.58 | 11.27 | 8.93 | 9.43 | 10.06 | |
| Number of days of payables | days | 38.11 | 32.38 | 40.86 | 38.70 | 36.29 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.58
= 38.11
The number of days of payables for Valmont Industries Inc has shown some fluctuations over the years. Based on the data provided, the trend indicates an increase in the number of days of payables from 36.29 days as of December 31, 2020, to 38.70 days as of December 31, 2021, and further to 40.86 days as of December 31, 2022. However, there was a decrease to 32.38 days as of December 31, 2023, followed by a slight increase to 38.11 days as of December 31, 2024.
Overall, these fluctuations suggest that the company may be managing its payables differently over the years. A increasing number of days of payables could indicate that Valmont Industries Inc is taking longer to pay its suppliers, which could potentially signal working capital management strategies or changes in vendor payment terms. Conversely, a decreasing trend in the number of days of payables could indicate the company is paying its bills more promptly which is a positive indicator of efficient cash management.
It is important to note that the specific circumstances and reasoning behind these changes in days of payables would require further investigation and analysis to fully understand the financial health and operational efficiency of Valmont Industries Inc.
Peer comparison
Dec 31, 2024