Aptiv PLC (APTV)

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		5.85	5.98	5.86	5.64	5.19	5.79	5.58	5.13	4.94	5.69	5.40	4.63	4.33	4.85	7.31	5.12	4.75	5.27	5.13	5.01
Number of days of payables	days	62.38	61.06	62.31	64.72	70.36	63.08	65.38	71.22	73.93	64.18	67.64	78.85	84.34	75.26	49.96	71.35	76.77	69.22	71.13	72.87

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.85
= 62.38

The number of days of payables for Aptiv PLC has shown some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 69.23 days, which was slightly higher than in the previous quarter at 67.84 days. Despite this increase, the company's payables turnover rate remains relatively stable.

When compared to the same quarter in the previous year, Q4 2022, the number of days of payables has decreased from 77.40 days to 69.23 days in Q4 2023. This suggests that the company has been able to manage its payables more efficiently over the year, possibly negotiating better payment terms with suppliers or improving its working capital management.

Overall, Aptiv PLC's number of days of payables indicates that the company takes approximately 69 to 71 days to pay its suppliers on average. This metric is an essential indicator of the company's liquidity and cash flow management, showing how quickly it is able to settle its outstanding obligations.