Adient PLC (ADNT)

Number of days of payables

		Sep 30, 2024	Jun 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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Payables turnover		5.39	5.65	5.64	5.91	5.69	5.39	5.16	5.56	5.37	5.37	5.05	5.54	6.03	6.43	5.11	5.35	5.54	8.49	6.66	6.14
Number of days of payables	days	67.69	64.55	64.72	61.79	64.20	67.77	70.76	65.61	67.93	67.96	72.29	65.88	60.48	56.73	71.38	68.27	65.85	43.01	54.84	59.44

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.39
= 67.69

The number of days of payables for Adient PLC has shown fluctuations over the past few years. In the most recent period ending on September 30, 2024, the company took approximately 67.69 days to pay its payables. This is an increase compared to the previous quarter where the number of days of payables was 64.55 days.

Looking back at the trend, there seems to be some seasonality or variability in the payment period, with the number of days of payables ranging between the mid-60s to low 70s days. The longest period observed in the past year was 72.29 days in the first quarter of 2022, while the shortest period was 43.01 days at the end of December 2019.

Overall, it is essential to closely monitor the number of days of payables to understand the company's payment practices and its relationships with suppliers. An increasing trend may indicate potential liquidity issues or changes in negotiation terms with suppliers, while a decreasing trend could suggest efficiency improvements in working capital management.