Zurn Elkay Water Solutions Corporation (ZWS)
Number of days of payables
| Sep 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 13.95 | 18.94 | 23.62 | 22.00 | 21.37 | 15.57 | 10.05 | 6.82 | 8.13 | 11.08 | 14.38 | 8.57 | 8.98 | 7.01 | 7.78 | 7.69 | 6.88 | 7.20 | 8.09 | 7.20 | |
| Number of days of payables | days | 26.17 | 19.28 | 15.46 | 16.59 | 17.08 | 23.45 | 36.32 | 53.49 | 44.88 | 32.95 | 25.38 | 42.60 | 40.67 | 52.09 | 46.93 | 47.44 | 53.06 | 50.69 | 45.11 | 50.72 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.95
= 26.17
The number of days of payables for Zurn Elkay Water Solutions Corporation has shown some fluctuations over the past few quarters. Based on the data provided, the company's number of days of payables ranged from as low as 15.46 days to as high as 53.49 days.
The trend indicates that Zurn Elkay has been maintaining its payables for an average of around 30 days, with occasional fluctuations. It is important to note that a lower number of days of payables indicates that the company is taking less time to pay its suppliers, potentially signaling strong liquidity or good negotiating power with suppliers. On the other hand, a higher number of days of payables may suggest that the company is taking longer to settle its obligations, which could be a tactic to manage cash flow or a reflection of weak financial health.
Overall, monitoring the trend in the number of days of payables can provide valuable insights into a company's financial management practices, liquidity position, and supplier relationships.
Peer comparison
Sep 30, 2024