Valmont Industries Inc (VMI)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.73 | 10.76 | 10.82 | 10.44 | 11.06 | 10.28 | 9.46 | 8.58 | 9.43 | 6.93 | 6.86 | 7.15 | 7.37 | 7.30 | 7.94 | 9.10 | 9.76 | 9.77 | 8.54 | 8.82 | |
| Number of days of payables | days | 34.03 | 33.92 | 33.74 | 34.97 | 33.00 | 35.51 | 38.58 | 42.53 | 38.70 | 52.68 | 53.23 | 51.07 | 49.51 | 49.98 | 45.96 | 40.12 | 37.39 | 37.37 | 42.73 | 41.37 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.73
= 34.03
The number of days of payables for Valmont Industries Inc has exhibited some fluctuations over the periods provided. The trend indicates that the company has been able to manage its payables efficiently, with a relatively stable range observed from Dec 2019 to Mar 2023. The number of days of payables ranged from a low of 33.00 days to a high of 53.23 days during this period.
However, in more recent quarters (from Jun 2023 to Dec 2023), there has been a slight increase in the number of days of payables, with the metric rising from 33.74 days to 34.97 days. This uptick may suggest a potential extension in the time it takes for the company to pay its suppliers, which could impact its working capital management.
Overall, Valmont Industries Inc's number of days of payables indicates the company's ability to effectively negotiate credit terms with its suppliers and manage its cash flow. It is important for stakeholders to continue monitoring this metric to assess the company's liquidity position and operational efficiency.
Peer comparison
Dec 31, 2023