Barnes Group Inc (B)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.68 | 8.62 | 8.81 | 9.44 | 11.11 | |
| Number of days of payables | days | 42.06 | 42.37 | 41.42 | 38.67 | 32.84 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.68
= 42.06
The number of days of payables for Barnes Group Inc. has shown some fluctuation over the past five years. In 2023, the company took approximately 59.43 days to pay its suppliers, which was a slight improvement from the previous year. Compared to 2019, there has been a notable increase in the number of days taken to pay payables. This indicates that in recent years, Barnes Group Inc. has been taking slightly longer to settle its outstanding obligations to suppliers. It would be important to further analyze the reasons behind this trend to ensure efficient management of payables and maintain good relationships with suppliers.
Peer comparison
Dec 31, 2023