Carrier Global Corp (CARR)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.40 | 1.46 | 0.94 | 1.39 | 1.54 | |
| Number of days of payables | days | 43.44 | 249.19 | 387.14 | 262.29 | 236.89 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.40
= 43.44
Carrier Global Corp's number of days of payables has exhibited significant fluctuation over the past five years. On December 31, 2020, the company took approximately 236.89 days to pay its payables, with this figure increasing to 262.29 days by December 31, 2021. The number of days of payables then spiked to 387.14 days by December 31, 2022, suggesting a substantial extension of payment periods.
However, there was a notable improvement by December 31, 2023, with the number of days of payables decreasing to 249.19 days. The most striking shift occurred by December 31, 2024, where the number of days of payables dropped significantly to just 43.44 days. This substantial decrease may indicate more efficient management of payables and a potentially improved cash position for Carrier Global Corp in that year.
It is crucial for stakeholders to closely monitor the trend in the number of days of payables to assess the company's liquidity management, supplier relations, and overall financial health. The fluctuating numbers highlight the importance of analyzing the underlying reasons for these changes to understand how Carrier Global Corp is managing its payables effectively over time.
Peer comparison
Dec 31, 2024