Amphenol Corporation (APH)
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 | 6.27 | 6.76 | 7.64 | 7.28 | 6.57 | 6.08 | 5.95 | 6.15 | 5.70 | 5.42 | 5.57 | 5.87 | 5.30 | 5.34 | 6.03 | 6.83 | 6.47 | 6.80 | 6.93 | 7.05 | |
| Number of days of payables | days | 58.21 | 53.98 | 47.79 | 50.17 | 55.59 | 59.99 | 61.32 | 59.32 | 64.07 | 67.31 | 65.54 | 62.21 | 68.92 | 68.34 | 60.52 | 53.45 | 56.40 | 53.70 | 52.63 | 51.79 |
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 some variability over the past eight quarters. In Q4 2023, the company had 58.21 days of payables, which was higher compared to the previous quarter (53.98 days in Q3 2023). However, it was lower than the number of days of payables in Q4 2022 (55.59 days).
Overall, the trend in the number of days of payables suggests that the company is taking approximately 48 to 62 days to pay off its payables to suppliers and vendors. A decreasing trend in the number of days of payables may indicate that the company is managing its payables more efficiently or negotiating better payment terms with its suppliers. Conversely, an increasing trend in the number of days of payables could suggest financial stress or operational issues that may need to be addressed.
It is important for stakeholders to monitor this ratio over time to assess the company's ability to manage its working capital effectively and maintain good relationships with its suppliers.
See also:
Amphenol Corporation Average Payables Payment Period (Quarterly Data)