Baker Hughes Co (BKR)

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		0.72	0.75	0.80	0.81	0.79	0.88	0.83	0.76	0.76	0.93	0.96	0.98	5.59	5.41	5.18	4.74	0.63	0.67	0.65	1.85
Number of days of payables	days	506.02	486.71	459.04	448.54	459.51	413.29	438.65	478.72	480.13	393.08	379.47	371.75	65.26	67.52	70.49	77.03	576.12	542.45	563.92	197.12

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.72
= 506.02

Number of days of payables is a financial ratio that measures how long a company takes to pay off its trade payables. Baker Hughes Co's number of days of payables has shown some fluctuations over the past eight quarters.

In Q4 2023, the number of days of payables was 80.57 days, a slight increase from the previous quarter's 77.42 days. This suggests that the company took slightly longer to pay off its trade payables in Q4 2023 compared to Q3 2023.

Looking at the trend over the past year, Baker Hughes Co's number of days of payables decreased from Q1 2022 to Q3 2022 before increasing in Q4 2022. In Q1 2023, there was a significant increase to 89.13 days, indicating that the company took longer to pay off its trade payables during that period. However, there was a slight improvement in Q2 2023 with 82.47 days, though it increased again in Q3 2023.

Overall, Baker Hughes Co's number of days of payables has shown some variability over the past eight quarters, with fluctuations in the time taken to pay off trade payables. Further analysis would be needed to understand the underlying reasons for these fluctuations and their impact on the company's cash flow and working capital management.