Carrier Global Corp (CARR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1.33 | 1.14 | 1.03 | 0.97 | 0.94 | 1.00 | 1.22 | 1.24 | 1.39 | 1.50 | 1.34 | 1.37 | 1.54 | ||||
| Number of days of payables | days | 275.18 | 319.61 | 354.22 | 376.05 | 387.14 | 365.13 | 300.38 | 295.45 | 262.45 | 243.71 | 273.34 | 267.03 | 236.97 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.33
= 275.18
Carrier Global Corp's number of days of payables has shown a relatively stable trend over the past quarters, with slight fluctuations. In Q4 2023, the number of days of payables decreased to 63.69 days from the previous quarter's 66.25 days. This indicates that the company took shorter time to pay its suppliers compared to the previous quarter.
Compared to Q3 2022 and Q4 2022, the current number of days of payables in Q4 2023 is in line with historical levels. However, there was an increase in payables days compared to Q2 and Q1 2022, suggesting that the company may have taken longer to pay its suppliers in the recent quarter.
Overall, maintaining a steady number of days of payables is crucial for managing cash flow and relationships with suppliers. Further analysis of the underlying reasons for changes in payables days would provide more insights into the efficiency of Carrier Global Corp's payment processes.
Peer comparison
Dec 31, 2023
See also:
Carrier Global Corp Average Payables Payment Period (Quarterly Data)