Agilent Technologies Inc (A)
Number of days of payables
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.12 | 8.60 | 10.71 | 12.24 | 11.28 | |
| Number of days of payables | days | 27.82 | 42.45 | 34.09 | 29.83 | 32.35 |
October 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.12
= 27.82
To analyze Agilent Technologies Inc.'s number of days of payables, we can see a trend over the past five years.
In 2019, the company took approximately 54.80 days to pay its suppliers on average. This figure decreased in 2020 to 51.64 days, indicating a shorter payment period. However, in 2021, the number of days of payables increased to 55.90 days, suggesting a lengthening of the payment period. In 2022, this figure further increased to 67.72 days, indicating a significant extension of the average time taken to settle payables. Finally, in 2023, the number of days of payables decreased to 45.30 days, signaling a shorter payment period compared to the previous year.
This analysis indicates fluctuations in Agilent Technologies Inc.'s payables management over the past five years, which could be influenced by various factors such as changes in vendor negotiations, cash flow management, or supply chain dynamics.
Peer comparison
Oct 31, 2023