Aecom Technology Corporation (ACM)
Number of days of payables
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.60 | 6.13 | 6.20 | 6.20 | 6.24 | 6.07 | 6.12 | 6.48 | 6.11 | 6.00 | 6.18 | 5.95 | 5.56 | 5.31 | 5.94 | 5.80 | 5.41 | 5.41 | 5.68 | 6.42 | |
| Number of days of payables | days | 55.31 | 59.53 | 58.90 | 58.91 | 58.49 | 60.16 | 59.67 | 56.33 | 59.78 | 60.84 | 59.05 | 61.35 | 65.66 | 68.69 | 61.40 | 62.89 | 67.42 | 67.53 | 64.26 | 56.82 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.60
= 55.31
The number of days of payables for AECOM has shown some fluctuation over the past eight quarters. In Q1 2024, the number of days of payables was 55.31 days, indicating that the company takes approximately 55 days to pay its outstanding liabilities. This represents a decrease from the previous quarter (Q4 2023) where the number of days of payables was 59.53 days.
Looking at the trend over the past year, AECOM's number of days of payables has ranged from 55.31 days to 60.16 days. The Q1 2024 value is on the lower end of this range and suggests that the company may be managing its payables more efficiently compared to previous quarters. It is important to note that a lower number of days of payables can indicate that the company is paying its suppliers more quickly, potentially improving its relationships and access to goods and services.
Overall, AECOM's number of days of payables has exhibited some variability but seems to be trending towards more efficient management of its payables, as evidenced by the recent decrease in Q1 2024.
Peer comparison
Dec 31, 2023