Amentum Holdings Inc. (AMTM)
Number of days of payables
| Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Payables turnover | 10.70 | — | — | |
| Number of days of payables | days | 34.13 | — | — |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.70
= 34.13
Based on the information provided, Amentum Holdings Inc.'s number of days of payables was not available for December 31, 2022 and December 31, 2023. However, it was noted as 34.13 days as of September 30, 2024.
The number of days of payables indicates the average number of days it takes for the company to pay its suppliers. A decrease in the number of days of payables could indicate that the company is paying its suppliers more quickly. In contrast, an increase could suggest that the company is taking longer to settle its payables, which can sometimes signal cash flow challenges or strained supplier relationships.
Therefore, the 34.13 days of payables as of September 30, 2024, reveals that Amentum Holdings Inc. took approximately 34 days to pay its suppliers. This metric can be further evaluated in conjunction with other financial ratios to assess the company's liquidity, cash flow management, and supplier payment practices.
Peer comparison
Sep 30, 2024