Valmont Industries Inc (VMI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.27 | 8.93 | 9.43 | 10.06 | 12.95 | |
| Number of days of payables | days | 32.38 | 40.86 | 38.70 | 36.29 | 28.19 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.27
= 32.38
Valmont Industries Inc's number of days of payables has fluctuated over the past five years. In 2023, the company took, on average, 32.38 days to pay its creditors, showing an improvement from the previous year's 40.86 days. This indicates that Valmont managed its payables more efficiently in 2023. Comparing to the year 2021, where it took 38.70 days, the decrease in 2023 suggests an improvement in managing its trade payables.
However, the number of days of payables in 2023 is higher than in 2019, where it took only 28.19 days to settle its payables. This could suggest that Valmont is taking slightly longer to pay its creditors in 2023 compared to four years ago.
Overall, the trend in the number of days of payables for Valmont Industries Inc has been somewhat volatile, with fluctuations from year to year. Further analysis of the underlying reasons behind these changes in payment patterns would provide more insights into the company's cash management practices.
Peer comparison
Dec 31, 2023