Olympic Steel Inc (ZEUS)
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 | 15.64 | 15.04 | 16.38 | 15.08 | 22.17 | 13.91 | 12.70 | 13.33 | 13.25 | 10.70 | 9.18 | 9.59 | 12.56 | 15.65 | 17.66 | 15.91 | 20.23 | 16.93 | 22.26 | 15.82 | |
| Number of days of payables | days | 23.34 | 24.27 | 22.29 | 24.20 | 16.46 | 26.24 | 28.73 | 27.38 | 27.56 | 34.12 | 39.78 | 38.07 | 29.07 | 23.32 | 20.67 | 22.95 | 18.04 | 21.56 | 16.40 | 23.08 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.64
= 23.34
The number of days of payables for Olympic Steel Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the company had 25.94 days of payables, compared to 26.78 days in Q3 2023. This indicates that the company is taking slightly longer to pay its suppliers in Q4 compared to the previous quarter.
Looking back at Q2 and Q1 2023, the number of days of payables were 24.45 days and 26.40 days respectively. This indicates a relatively stable payment period during the first half of 2023.
Comparing the data to the same quarters in 2022, we see a significant increase in the number of days of payables. In Q4 2022, the company had 17.85 days of payables, whereas in Q3, Q2, and Q1 2022, the numbers were 28.49 days, 31.19 days, and 29.79 days respectively.
Overall, Olympic Steel Inc. has experienced fluctuations in its number of days of payables, with periods of shorter and longer payment cycles. This indicates variations in the company's payment practices and its relationships with suppliers.
Peer comparison
Dec 31, 2023