BorgWarner Inc (BWA)
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 | — | — | — | — | 5.40 | — | — | — | 5.83 | — | — | — | — | — | — | — | 6.09 | — | — | — | |
| Number of days of payables | days | — | — | — | — | 67.54 | — | — | — | 62.58 | — | — | — | — | — | — | — | 59.95 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
BorgWarner Inc's number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the company's number of days of payables was 79.90 days, which was higher compared to the previous quarter's 65.62 days. This indicates that the company took longer to pay its suppliers in Q4 2023.
Looking at the trend over the past eight quarters, BorgWarner Inc's number of days of payables has ranged from a low of 65.62 days in Q3 2023 to a high of 77.14 days in Q4 2022. The average number of days of payables over this period was approximately 73.06 days.
A higher number of days of payables may suggest that BorgWarner Inc is taking longer to settle its supplier invoices, which could indicate a potential liquidity advantage for the company. On the other hand, a lower number of days of payables could indicate more efficient management of working capital but may also imply strained relationships with suppliers.
It is important for stakeholders to monitor BorgWarner Inc's number of days of payables over time to assess the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023