Carlisle Companies Incorporated (CSL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.03 | 13.10 | 10.05 | 13.55 | 9.51 | |
| Number of days of payables | days | 30.35 | 27.86 | 36.32 | 26.93 | 38.38 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.03
= 30.35
The number of days of payables for Carlisle Companies Inc. has shown some fluctuations over the past five years. In 2023, the company took approximately 30.35 days to pay its accounts payable, which is slightly lower compared to the previous year. This indicates that the company is managing its payables efficiently and might be negotiating favorable payment terms with its suppliers.
In 2022, the number of days of payables was 30.50 days, which was consistent with the previous year. However, there was a significant increase in 2021 to 45.15 days, suggesting that the company took longer to pay its suppliers during that period.
In 2020, the number of days of payables decreased to 37.85 days, indicating an improvement in managing payables compared to the previous year. Similarly, in 2019, the number of days of payables was 34.73 days, showing a relatively stable payment trend during that year.
Overall, Carlisle Companies Inc. has demonstrated varying levels of efficiency in managing its payables over the past five years, with fluctuations in the number of days taken to settle its accounts payable. This metric provides insight into the company's working capital management and its relationships with suppliers.
Peer comparison
Dec 31, 2023