Aptiv PLC (APTV)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.09 | 5.37 | 5.10 | 4.33 | 4.75 | |
| Number of days of payables | days | 59.92 | 68.00 | 71.59 | 84.34 | 76.77 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.09
= 59.92
The number of days of payables for Aptiv PLC has shown a decreasing trend over the past five years, indicating that the company is taking fewer days to pay its suppliers. As of December 31, 2023, the number of days of payables stood at 69.23 days, down from 77.40 days in 2022, 81.77 days in 2021, 84.34 days in 2020, and 76.77 days in 2019. This suggests that Aptiv PLC has been managing its payables more efficiently, potentially improving liquidity and supplier relationships. It is important to further assess the reasons behind this trend and whether it aligns with the company's overall financial strategy and operating environment.
Peer comparison
Dec 31, 2023