Willscot Mobile Mini Holdings Corp A (WSC)

Number of days of payables

Mar 31, 2025 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
Payables turnover 11.71 11.51 10.34 9.25 10.54 11.97 11.09 11.43 11.59 9.87 6.52 6.36 7.07 9.04 6.13 6.52 6.91 6.62 5.89 7.22
Number of days of payables days 31.16 31.71 35.28 39.44 34.64 30.49 32.91 31.95 31.49 36.97 56.02 57.40 51.63 40.40 59.56 55.95 52.81 55.15 61.95 50.55

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.71
= 31.16

The data on the number of days of payables for Willscot Mobile Mini Holdings Corp A over the specified periods indicates notable fluctuations and evolving trends. Starting from approximately 50.55 days as of June 30, 2020, the metric experienced a consistent upward trajectory, peaking at 61.95 days by September 30, 2020. Subsequently, there was a decline and stabilization, with values oscillating around the 50-day mark through 2021, reaching a low of 40.40 days on December 31, 2021.

Following this period, the number of payable days showed moderate fluctuations, generally remaining between 50 and 57 days until the second half of 2022. Notably, a significant decrease occurred at the end of 2022, with the payables duration dropping to 36.97 days as of December 31, 2022.

From early 2023 onward, a downward trend persisted, with the number of days of payables reducing further to approximately 31.49 days by March 31, 2023. This shorter duration persisted into the following quarters, with slight increases and decreases, culminating in roughly 34.64 days as of March 31, 2024, before rising again to 39.44 days by June 30, 2024. As of September 30, 2024, the payable days decreased slightly to 35.28 days, and further stabilized at around 31.71 days as of December 31, 2024, with a minimal increase to an estimated 31.16 days by March 31, 2025.

Overall, the trend demonstrates a pattern of initial lengthening of payable days, followed by a significant reduction starting in late 2022, and relatively stable short-term payables in the recent periods. The variations suggest adjustments in the company's management of trade payables, potentially reflecting changes in payment policies, supplier negotiations, or shifts in operational cash flow management.