AGCO Corporation (AGCO)
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 | 10.08 | 9.33 | 8.63 | 7.98 | 7.90 | 8.90 | 8.40 | 7.85 | 9.03 | 8.59 | 8.06 | 7.78 | 9.59 | 7.03 | 6.94 | 7.06 | 6.43 | 10.06 | 8.93 | 8.77 | |
| Number of days of payables | days | 36.23 | 39.14 | 42.32 | 45.74 | 46.22 | 41.02 | 43.45 | 46.47 | 40.44 | 42.48 | 45.31 | 46.89 | 38.07 | 51.93 | 52.58 | 51.70 | 56.80 | 36.27 | 40.86 | 41.61 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.08
= 36.23
The number of days of payables for AGCO Corp. has shown a decreasing trend over the past four quarters. In Q4 2023, AGCO Corp. had a number of days of payables of 41.44 days, which was lower than the previous quarter at 44.32 days in Q3 2023. This suggests that AGCO Corp. is taking fewer days to pay its suppliers or trade payables.
Comparing the current year's Q4 data to the same quarter in the previous year, AGCO Corp. has managed to reduce its number of days of payables from 52.40 days in Q4 2022 to 41.44 days in Q4 2023. This indicates an improvement in AGCO Corp.'s ability to manage and settle its payables efficiently.
The overall trend of decreasing number of days of payables over the past quarters indicates that AGCO Corp. may be striving to optimize its working capital management by either negotiating more favorable payment terms with its suppliers or streamlining its payables processes. This trend is favorable, as it can potentially enhance AGCO Corp.'s liquidity position and overall financial health.
Peer comparison
Dec 31, 2023