Wabash National Corporation (WNC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.02 | 11.52 | 9.24 | 12.66 | 14.93 | |
| Number of days of payables | days | 28.04 | 31.68 | 39.51 | 28.83 | 24.45 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.02
= 28.04
The number of days of payables for Wabash National Corp. has fluctuated over the past five years. In 2023, the company had 28.04 days of payables, showing a decrease from the previous year's 31.68 days in 2022. This suggests that the company is able to pay its suppliers more efficiently in 2023 compared to the prior year.
Looking further back, in 2021, Wabash National Corp. had 39.51 days of payables, indicating a longer payment period to suppliers. However, the company improved its payables turnover in 2020 with only 28.83 days of payables. The most efficient year in terms of payables management was in 2019, with only 24.45 days of payables.
Overall, the trend in the number of days of payables indicates some variability in the company's ability to manage its payment obligations to suppliers. It is important for investors and stakeholders to monitor this metric for potential liquidity and working capital management concerns.