Xpel Inc (XPEL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 13.80 | 10.21 | 13.65 | 21.08 | 16.45 | 11.96 | 8.59 | 6.66 | 8.80 | 7.42 | 10.10 | 9.53 | 10.51 | 10.93 | 10.75 | 13.00 | ||||
| Number of days of payables | days | 26.46 | 35.76 | 26.74 | 17.31 | 22.19 | 30.51 | 42.47 | 54.80 | 41.46 | 49.17 | 36.13 | 38.29 | 34.72 | 33.39 | 33.95 | 28.07 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.80
= 26.46
XPEL Inc's number of days of payables has fluctuated over the past eight quarters. As of Q4 2023, the company took approximately 37.82 days to pay its suppliers, a notable decrease from the previous quarter where the days of payables were 52.64. This indicates a more efficient management of payables, with the company taking less time to settle its outstanding obligations.
Comparing this to the same quarter in the prior year, there has been a general trend of improvement in managing payables, as in Q4 2022, the days of payables were 31.88 days. This suggests that XPEL Inc has been successfully working towards optimizing its payment cycles and potentially enhancing its cash flow position.
Overall, the downward trend in the number of days of payables reflects positively on XPEL Inc's ability to effectively manage its working capital and vendor relationships, which can contribute to improved financial health and operational efficiency.