Ametek Inc (AME)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.12 | 10.00 | 9.63 | 10.58 | 11.17 | |
| Number of days of payables | days | 36.07 | 36.52 | 37.89 | 34.51 | 32.66 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.12
= 36.07
The number of days of payables for Ametek Inc has exhibited a fluctuating trend over the past five years. As of December 31, 2023, the company took approximately 44.76 days to pay its creditors, showing a slight decrease from the previous year. This indicates that Ametek managed to optimize its payment cycle, possibly negotiating more favorable payment terms with suppliers or improving its working capital management.
Comparing to the data from December 31, 2022, when the number of days of payables was 45.30 days, the company has slightly improved its efficiency in paying off its obligations. However, it is important to note that in December 31, 2021, the number of days of payables was higher at 47.23 days, suggesting that Ametek took longer to settle its payables during that period.
Overall, the company's ability to manage its payables efficiently can impact its liquidity and cash flow position. By monitoring and potentially optimizing this metric, Ametek can enhance its financial performance and strengthen its relationships with suppliers.
Peer comparison
Dec 31, 2023