Agilent Technologies Inc (A)
Number of days of payables
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.79 | 13.12 | 8.60 | 10.71 | 12.24 | |
| Number of days of payables | days | 41.54 | 27.82 | 42.45 | 34.09 | 29.83 |
October 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.79
= 41.54
The number of days of payables for Agilent Technologies Inc has exhibited fluctuations over the past five years. In 2024, the company took an average of 41.54 days to pay its suppliers, showing an increase from the previous year's figure of 27.82 days in 2023. This suggests a potential slowdown in settling its payables compared to the previous year.
Looking further back, in 2022, the number of days of payables was relatively high at 42.45 days, indicating a prolonged payment cycle. In 2021, the company improved its payables management, reducing the number of days to 34.09 days. The most recent data for 2020 shows a further improvement, with Agilent Technologies Inc taking only 29.83 days on average to pay its suppliers.
The trend in the number of days of payables reflects fluctuations in Agilent Technologies Inc's payment practices and liquidity management. A higher number of days indicates that the company is taking longer to settle its obligations to suppliers, which can have implications for cash flow management and relationships with vendors. Monitoring this ratio over time can provide insights into the company's working capital management and financial health.
Peer comparison
Oct 31, 2024