Cactus Inc (WHD)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		2.24	1.60	1.28	2.63	1.51
Number of days of payables	days	162.84	228.23	284.81	138.77	241.86

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.24
= 162.84

The number of days of payables for Cactus Inc has fluctuated over the past five years. In 2023, the company took approximately 162.84 days on average to pay off its creditors, representing an improvement from the previous year's figure of 228.23 days. This suggests that the company is managing its payables more efficiently compared to the prior period.

In 2021, the number of days of payables increased significantly to 284.81 days, indicating a potential liquidity issue or a change in payment terms with suppliers. The following year, there was a notable decrease to 138.77 days, which may have been a strategic effort to improve cash flow management.

Looking back at 2019, the number of days of payables was 241.86 days, which was higher compared to the most recent year but lower than the 2021 figure. This suggests some variability in the company's payment practices across the years.

Overall, the trend in the number of days of payables for Cactus Inc indicates fluctuations in the company's ability to manage its payment obligations effectively and efficiently over the past five years. Additional analysis and context may be needed to fully understand the reasons behind these fluctuations and assess their impact on the company's financial performance.