Cummins Inc (CMI)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | 6.50 | 6.13 | 5.87 | 5.75 | 6.06 | 5.92 | 5.70 | 4.95 | 5.02 | 4.98 | 5.52 | 5.31 | 6.07 | 5.69 | 5.51 | 4.82 | 5.29 | 5.67 | 6.67 | 6.36 | |
| Number of days of payables | days | 56.19 | 59.52 | 62.16 | 63.44 | 60.23 | 61.67 | 64.03 | 73.81 | 72.68 | 73.23 | 66.11 | 68.72 | 60.17 | 64.16 | 66.25 | 75.72 | 69.00 | 64.43 | 54.71 | 57.41 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.50
= 56.19
Cummins Inc's number of days of payables has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The company's payables turnover period ranged from a low of 54.71 days on June 30, 2020, to a high of 75.72 days on March 31, 2021. The trend then reversed, with the number of days of payables decreasing to 56.19 days on December 31, 2024.
Overall, Cummins Inc's number of days of payables has demonstrated some variability, indicating potential changes in the company's payment practices or relationships with suppliers during the period under review. Further analysis may be needed to understand the underlying reasons for these fluctuations and their potential impacts on the company's financial performance.
Peer comparison
Dec 31, 2024
See also:
Cummins Inc Average Payables Payment Period (Quarterly Data)