Wabash National Corporation (WNC)
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 | 13.02 | 10.29 | 9.38 | 8.76 | 11.52 | 8.59 | 6.31 | 6.77 | 9.24 | 8.43 | 8.20 | 7.70 | 12.66 | 10.11 | 13.35 | 12.80 | 14.93 | 10.84 | 10.13 | 8.74 | |
| Number of days of payables | days | 28.04 | 35.46 | 38.92 | 41.65 | 31.68 | 42.50 | 57.89 | 53.92 | 39.51 | 43.27 | 44.50 | 47.39 | 28.83 | 36.09 | 27.35 | 28.52 | 24.45 | 33.68 | 36.04 | 41.75 |
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 varied over the past eight quarters. In Q4 2023, the company took an average of 28.04 days to pay its suppliers, which indicates a relatively efficient management of payables. This was a decrease compared to Q3 2023 when the number of days of payables was 35.46 days.
Looking back further, in Q2 and Q1 of 2023, the number of days of payables increased to 38.92 days and 41.65 days, respectively, suggesting a slower payment cycle during those periods. In comparison to the same quarters in 2022, there has been a general improvement in payables management, as the number of days to pay suppliers has decreased.
Overall, while there have been fluctuations in the number of days of payables, it appears that Wabash National Corp. has been able to effectively manage its accounts payable over the analyzed period. Further examination and considerations of industry standards would provide a more comprehensive understanding of the effectiveness of the company's payables management.