AGCO Corporation (AGCO)
Number of days of payables
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 13.25 | 11.96 | 11.18 | 9.58 | 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 | |
| Number of days of payables | days | 27.55 | 30.52 | 32.66 | 38.09 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.25
= 27.55
AGCO Corporation's number of days of payables shows a decreasing trend over the period from March 31, 2020, to December 31, 2024. The number of days of payables decreased from 51.70 days on March 31, 2020, to 27.55 days on December 31, 2024. This indicates that AGCO Corporation has been able to manage its payables more efficiently over time, possibly by negotiating better terms with its suppliers or improving its working capital management. A lower number of days of payables suggests that the company is taking longer to pay its suppliers, which could indicate stronger bargaining power or better cash flow management. However, it's important to consider the impact of excessively extending payables on supplier relationships and potential liquidity risks.
Peer comparison
Dec 31, 2024