Agilent Technologies Inc (A)
Number of days of payables
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.11 | 13.12 | 12.27 | 10.53 | 9.25 | 8.60 | 8.77 | 9.64 | 10.20 | 10.71 | 11.31 | 10.64 | 11.07 | 12.24 | 13.71 | 12.79 | 12.53 | 11.28 | 10.95 | 9.66 | |
| Number of days of payables | days | 32.85 | 27.82 | 29.75 | 34.65 | 39.48 | 42.45 | 41.63 | 37.85 | 35.80 | 34.09 | 32.26 | 34.32 | 32.99 | 29.83 | 26.62 | 28.54 | 29.13 | 32.35 | 33.34 | 37.78 |
January 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.11
= 32.85
The number of days of payables for Agilent Technologies Inc. has fluctuated over the past eight quarters. In Q1 2024, the company took, on average, approximately 53.49 days to pay its suppliers, which was lower compared to the previous quarter (Q4 2023) where it took 45.30 days. This suggests that Agilent Technologies delayed its payments to suppliers for a longer period in Q4 2023 but then accelerated payments in Q1 2024.
Looking back further, the number of days of payables in Q1 2023 was 62.57 days, indicating that the company had a more extended period to make payments to its suppliers. The most extended period observed in the historical data was in Q4 2022, where it took Agilent Technologies on average approximately 67.72 days to settle its payables.
Overall, Agilent Technologies Inc. has shown variability in its payment practices over the past eight quarters, with fluctuations in the number of days of payables. It is important to monitor this ratio over time to assess the company's liquidity management and relationships with its suppliers.
Peer comparison
Jan 31, 2024