Valmont Industries Inc (VMI)
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 | 9.58 | 10.56 | 11.08 | 12.03 | 11.27 | 11.31 | 11.38 | 10.97 | 11.06 | 10.28 | 9.46 | 8.58 | 9.43 | 6.93 | 6.86 | 7.15 | 7.37 | 7.30 | 7.94 | 9.10 | |
| Number of days of payables | days | 38.11 | 34.58 | 32.96 | 30.33 | 32.38 | 32.28 | 32.07 | 33.28 | 33.00 | 35.51 | 38.58 | 42.53 | 38.70 | 52.68 | 53.23 | 51.07 | 49.51 | 49.98 | 45.96 | 40.12 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.58
= 38.11
Based on the data provided, Valmont Industries Inc's number of days of payables has shown some fluctuation over the quarters. The number of days of payables gives an indication of how long the company takes to pay its suppliers.
The trend shows that from March 2020 to June 2021, the number of days of payables steadily increased from 40.12 days to 53.23 days, indicating that the company was taking longer to pay its suppliers during this period. However, from June 2021 to March 2024, there was a general decrease in the number of days of payables, reaching a low of 30.33 days by March 2024. This could suggest that the company was becoming more efficient in managing its payables during this time.
It is worth noting that the number of days of payables increased slightly from June 2024 to December 2024, reaching 38.11 days. This could indicate a possible shift in the company's payment practices during this period.
Overall, analyzing the number of days of payables can provide insights into Valmont Industries Inc's liquidity management and relationship with its suppliers.
Peer comparison
Dec 31, 2024