Ametek Inc (AME)

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		9.80	10.28	10.22	9.33	9.69	9.00	8.61	9.08	9.31	9.24	8.69	9.05	9.99	11.40	11.33	10.79	10.88	10.67	10.31	9.79
Number of days of payables	days	37.24	35.51	35.71	39.13	37.67	40.54	42.38	40.22	39.19	39.49	42.02	40.33	36.55	32.00	32.21	33.84	33.56	34.22	35.39	37.28

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.80
= 37.24

The number of days of payables for Ametek Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the company took an average of 44.76 days to pay its suppliers, which was slightly higher compared to the previous quarter at 42.69 days. This indicates that the company's payment cycle slightly lengthened during this period.

Looking at a longer trend, the number of days of payables has generally been within the range of 42 to 48 days over the last two years. It is worth noting that the number of days of payables in Q3 and Q4 2022, as well as in Q1 2023, were towards the higher end of this range, suggesting that the company took slightly longer to settle its payables during those periods.

Overall, monitoring the number of days of payables can provide insights into Ametek Inc's liquidity management and its relationships with suppliers. A decreasing trend in this ratio may indicate that the company is paying its suppliers more quickly, while an increasing trend could signal potential liquidity constraints or changes in payment terms.