Curtiss-Wright Corporation (CW)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.81 | 8.10 | 10.15 | 7.70 | 7.16 | |
| Number of days of payables | days | 37.22 | 45.04 | 35.94 | 47.38 | 50.99 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.81
= 37.22
Analyzing Curtiss-Wright Corp.'s number of days of payables over the past five years, we observe fluctuations in this metric. The number of days of payables was 50.05 days at the end of 2023, decreasing from 60.71 days in 2022. This decrease indicates that the company took fewer days, on average, to pay its suppliers in 2023 compared to the previous year.
Comparing this to historical data, the number of days of payables in 2023 was slightly higher than in 2019 and 2021, when it was 50.99 days and 49.12 days, respectively. However, it was lower than in 2020, when it was 47.38 days.
Overall, a decreasing number of days of payables can imply more efficient management of accounts payable by the company, as it indicates that the company is taking fewer days to pay its suppliers. It could also suggest improved cash flow management or negotiating better payment terms with suppliers. Further trend analysis and comparison to industry benchmarks would provide a more comprehensive understanding of Curtiss-Wright Corp.'s payables management efficiency.
Peer comparison
Dec 31, 2023