Zurn Elkay Water Solutions Corporation (ZWS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.65 | 6.98 | 5.12 | 9.41 | 6.60 | |
| Number of days of payables | days | 23.33 | 52.27 | 71.34 | 38.81 | 55.26 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.65
= 23.33
The number of days of payables for Zurn Elkay Water Solutions Corporation has shown considerable fluctuation over the last five years. In 2023, the company took approximately 23.33 days to pay its payables, indicating efficient management of its accounts payable. This represents a significant improvement from 2022 when the company took 52.27 days to settle its payables.
In 2021, the number of days of payables increased to 71.34 days, suggesting a potential delay in payment cycles. However, there was a noticeable improvement in 2020, with the company only taking 38.81 days to pay its obligations. The number of days of payables was slightly higher in 2019 at 55.26 days.
Overall, the trend in the number of days of payables for Zurn Elkay Water Solutions Corporation shows variability, indicating fluctuations in the company's payment practices and cash management strategies. It is essential for stakeholders to monitor this metric closely to assess the company's liquidity position and efficiency in managing its working capital.
Peer comparison
Dec 31, 2023