BWX Technologies Inc (BWXT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.81 | 13.22 | 8.29 | 8.40 | 7.97 | |
| Number of days of payables | days | 24.65 | 27.60 | 44.03 | 43.47 | 45.77 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.81
= 24.65
The number of days of payables for BWX Technologies Inc has exhibited a declining trend over the past five years, indicating improved efficiency in managing its accounts payable. The company took approximately 24.65 days to pay its creditors in 2023, which is a reduction from 27.60 days in 2022 and a significant improvement from 2019 when it took 45.77 days to settle payables. This suggests that BWX Technologies is now paying its suppliers more quickly, potentially enhancing its relationships with vendors and suppliers. The decreasing trend in days of payables reflects a more effective management of the company's working capital and liquidity position, which could positively impact its overall financial health and operational performance.
Peer comparison
Dec 31, 2023