Amphenol Corporation (APH)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.27 | 6.57 | 5.70 | 5.30 | 6.47 | |
| Number of days of payables | days | 58.21 | 55.59 | 64.07 | 68.92 | 56.40 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.27
= 58.21
The number of days of payables for Amphenol Corp. has shown fluctuations over the past five years. As of December 31, 2023, the company took approximately 58.21 days to pay its accounts payable, which is a slight increase from the previous year.
Compared to December 31, 2022, the number of days of payables has increased by 2.62 days, indicating a potential slowdown in the company's payment cycle. However, it is still lower than the levels seen in 2020 and 2021.
This trend suggests that Amphenol Corp. might be taking slightly longer to settle its payables in recent years, which could have implications for its cash flow management and supplier relationships. Further analysis of the company's financial statements and operational efficiency is necessary to understand the drivers behind this change in the number of days of payables.