Caterpillar Inc (CAT)
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 | 5.41 | 5.54 | 5.09 | 4.68 | 4.76 | 4.81 | 4.72 | 4.43 | 4.36 | 4.61 | 4.57 | 4.46 | 4.75 | 5.86 | 6.31 | 6.05 | 6.15 | 6.11 | 5.40 | 5.20 | |
| Number of days of payables | days | 67.47 | 65.88 | 71.69 | 77.99 | 76.70 | 75.87 | 77.41 | 82.35 | 83.81 | 79.13 | 79.95 | 81.91 | 76.91 | 62.32 | 57.86 | 60.35 | 59.36 | 59.77 | 67.53 | 70.18 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.41
= 67.47
The data provided indicates the number of days of payables for Caterpillar Inc. over the past eight quarters. The number of days of payables represents the average number of days it takes for the company to pay its outstanding invoices to suppliers.
Analyzing the trend, we observe fluctuations in the number of days of payables over the quarters. In Q1 2022, the company took approximately 82.35 days to pay its suppliers, which decreased to 77.41 days in Q2 2022. This trend continued to decrease until Q3 2023 (65.88 days), which demonstrated efficient management of payables.
However, in Q4 2023, there was a slight increase to 67.47 days compared to the previous quarter. Despite the increase, it is important to note that the number of days of payables remained relatively stable over the quarters, indicating a consistent payment cycle.
Overall, the company's management of payables appears to be reasonable, with fluctuations occurring within a relatively narrow range. Further analysis may be needed to understand the factors influencing these fluctuations and to assess the effectiveness of Caterpillar Inc.'s payables management strategy.
Peer comparison
Dec 31, 2023
See also:
Caterpillar Inc Average Payables Payment Period (Quarterly Data)